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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NEW BOARD OF DIRECTORS FOR NNPC,WAS APPROVED BY PRESIDENT BUHARI TODAY.

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              Today monday,President Muhammadu Buhari issued a statement through Femi Adesina,Special Adviser {Media and Publicity} to the President,that the President has approved the composition of Board of the Nigerian National Petroleum Corporation {NNPC},as provided for under Section 1 {2} of the Nigerian National Petroleum Corporation Act of 1997,as amended.The new board is composed of the following.
{A}. Chairman-Dr Emmanuel Ibe Kachikwu,Honourable Minister of State for Petroleum.
{B} Group Managing Director-Dr Maikanti Kacalla Baru,
{C} The Permanent Secretary of the Federal Ministry of Finance; and
{D} The following six Persons
1. Mallam Abba Kyari
2.Dr Thomas M.A John
3.Dr Pius O. Akinyelure
4.Dr Tajuddeen Umar
5.Mallam Mohammed Lawal,and
6.Mallam Yusuuf Lawal.

President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC ''and serve the nation by upholding the public trust placed on them in managing this critical national asset''. 

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