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,PASS THE PUBLIC PROCUREMENT AMENDMENT BILL TODAY.

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                           Senate President Bukola Saraki took to his social media to announce that the Senate have passed the Public Procurementt Amendment Bill.He wrote ''I am utterly delighted that today,the 8th Senate was able to keep its promise to pass the Public Procurement Amendment Bill.This amendment will mandate all ministries,departments and agencies to give first option priority to Nigerian businesses in the procurement process.This amendment will also support the implementation of the 2016 budget by slashing the days for processing contracts in half.This amendment will also encourage those who have chosen to invest in Nigeria.As we promote ''Buy in Nigeria'',we must also promote ''Make in Nigeria''.In this regard the Public Procurement Bill is aimed at making our procurement system work on behalf of all Nigerians,support the implementation of the budget,,and stimulate the growth of the Nigerian economy by creating more opportunities for small and medium scale business owners.It is our hope that a substantial percentage of the N6 Trillion in the 2016 Budget will be retained in Nigeria and in the pockets of Nigerians''.One more photo below.          

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