INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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THE NIGERIAN SENATE DIRECTED ''NERC'' TO IMMEDIATELY SUSPEND THE FEBRUARY 1ST TARIFF HIKES IN ELECTRICITY BILLS..

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                  Nigerian Senate President  Bukola Saraki wrote yesterday tuesday on his social media that ''Today,the 8th Senate directed the Nigerian Electricity Regulatory Commission {NERC} to immediately suspend the February 1st.  2016 tariff hikes,which are estimated to be upwards of 49 percent.This move is necessary because any increase in cost,without the necessary improvement in service delivery by the power companies is unacceptable.Furthermore,the power distribution companies must work to ensure that every establishment in Nigeria is provided with capabilities for metered billing.Doing this would end the sharp practice of arbitrary billing,which estimates the power consumption of Nigerians in the generation of their monthly bills''.Also today wednesday,few minutes ago,the Senate President wrote ''Today i met with members of the United Kingdom {UK} Parliament under the Auspices of the Africa House London.In our meeting,i emphasised the need for visiting delegation to encourage business leaders from the UK to partner with our business community to bring more manufacturing industries to Nigeria''.More photos below.                                         

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