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
The Lagos State Government today sunday said that it has concluded plans to upgrade 21 secondary school libraries across all the six education districts in the State,just as it announced the commencement of the State Digital Library project.Special Adviser to the Governor on Education,Mr Obafela Bank-Olemoh who disclosed this in a statement,said that the libraries would be upgraded this year.According to him,the State Government's Private-Public-Partnership initiative tagged Adopt-A-Library was geared towards transforming the State public libraries into modern,ICT-enhanced knowledge centres.He said the Ipaja Public Library has been upgraded while the Ilupeju Public Library was recently upgraded by Custodian & Allied as well as the Herbert Macaulay Library,Yaba,currently under renovation by Guaranty Trust Bank.Bank-Olemoh further said that the libraries and ICT centres at Ireti and Falomo Secondary Schools were recently upgraded by ARM Pensions while Citibank also upgraded the library facility at Government Senior Secondary School,Victoria Island.He also said that PricewaterhouseCoopers and Leadway Assurance have committed to adopting school libraries in Victoria Island and Surulere,respectively.Speaking on the Digital Library,Bank-Olemoh who said the project was in line with the vision of Governor Akinwunmi Ambode,was aimed at providing unlimited access to knowledge for all through the collection and curation of digital content through an online portal.The portal,according to him,would be accessible via an internet connection on a range of devices including desktop computers to featture phones.He said the content would include,among others; E-books on numerous topics,1,600 videos covering English,Mathematics & Sciences for all classes,2,000 Study Aids in Key Subject areas for Secondary School subjects,quality research papers from Lagos State Tertiary institutions covering a wide variety of topics to be digitised for the platform,vocational training videos,Creatively presented history lessons as well as online course on coding.He said the first phase of the digital library would be launched in January 2017,adding that on completion of this phase,the digital library will feature Study Aids,Tutorials,Instructional Videos and selected e-books for Primary to SS3 approved texts,Brief History of Lagos State and an Online Forum.The Special Adviser said that the digital library is principally designated to benefit all Lagosians,just as he said that the platform, would be accessible from around the country and around the world.He added ''It would also be designed to ensure optimal user experience for the designated community,which includes producers of content,publishers of approved school text books Lagos State Library Board content providers,external content providers,external providers could include individuals who want o self-publish,providers of study materials who provide their resources for a fee and other third parties.One of the key mandates of His Excellency is that we solve problems and create value.In creating the digital library,we are committed to ensuring that we are not just setting up another online portal but providing a solution.We will approach the project iteratively and continuosly seek feedback from end users and other stakeholders to ensure the content and features provided are value-adding,timely and innovative.Bank-Olemo listed some of the objectives of the digital library to include preserving historic and culture,enhance collaboration,provide tutorials for children,promote local talent and content,create jobs as well as strengthen physical Libraries.He said that efforts are ongoing to enhance the functionality and patronage of the State public libraries and school libraries.
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