INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
On-going construction of Abule Egba,Ajah fly overs in an efforts to address traffic congestion in major parts of the state.The Lagos State Executive Council under the leadership of Governor Akinwunmi Ambode in December last year approved the construction of flyover for two of the State's high density traffic zones-Ajah round about and Abule Egba junction.The two major projects shortly after approval were duly awarded to contractors for a speedy commencement of work.in Ajah,the constructionof the reinforced concrete flyover and signalized intersection at Ajah roundabout is being simultaneaously constructed with the rehabilitation of Freedom Road in Lekki,with a view to reducing the heavy traffic being recorded at the Ajah round-about and the Lekki-Ikoyi axis.Likewise,the construction of a reinforced concrete dual carriage flyover bridge at Abule Egba junction will equally bring joy and relief to millions of commuters that use the Lagos-Abeokuta Expressway in Ifako-Ijaye Local Government Area of the State on a daily basis when completed.So far,work is going locations so as to meet up with the 16 months timeline for the delivery of both projects as shown in the pictures below. More photos below. 
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