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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PRESIDENT BUHARI TO VISIT LAGOS ON MONDAY,FOR TWO DAYS.

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               On Monday the 23rd of May 2016,President Buhari will be visiting Lagos state for two days.In a statement by the State Commissioner for Information and Strategy,Mr Steve Ayorinde,stated that this is the first in about 15 years that a sitting President will be visiting the State on a working visit and is a testimony to the landmark achievements in the last one year of Governor Akinwunmi Ambode as well as the good working relationship between Lagos state and the Federal Government.Ayorinde added that President Buhari during the visit,would formally commission the Lagos State Emergency Management Agency {LASEMA} Rescuit Unit in Cappa Oshodi built by the State Government to ensure prompt and swift response to emergency situations in the state.He said the President would thereafter commission the newly constructed Ago Palace Way in Okota,Isolo after which he will pay homage to the Oba of Lagos,His Royal Majesty,Oba Babatunde Rilwanu Aremu Akiolu at the Iga Iduganran,Lagos Island.The commissioner disclosed further that the President would later in the day be hosted to a reception rally by the State Government at the Tafawa Balewa Square,{TBS} Lagos where he will also commission and hand over security equipment and vehicles contributed by the Governor Akinwunmi Ambode-led administration to securities agencies to beef up security in the state.One more photo below.                                                                                                  

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