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

THE ALLEGED BOKO HARAM RECRUITMENT IN THE IDPs CAMP,SARAKI CALLS FOR PROBE.{READ}.

                   Senate Presidebt,Dr Abubakar Bukola Saraki today wednesday,urged security agencies in the country not to treat the rumours that Boko Haram terrorists are recruiting members from Internally Displaced Persons {IDP} camps in the Northeast with levity but to urgently investigate the issue to unravel those behind the menace,if any.In a statement by his Special Adviser on Media and Publicity,Yusuph Olanniyonu,in Abuja,Saraki said it has become necessary for the nation's intelligence outfits to take such rumours seriously with the aim of curtailing the untoward development.He said ''Seeing that ISIS has been recruiting members from European refugee camps,and the Kenyan government recently had to shut down the world's largest refugee camp because Al-Shaabab was using the place to train and recruit young people as extremists,it is important that we take the rumours about Boko Haram recruiting from IDP camps seriously''.The Senate President further reiterated his call for a more holistic investigation of allegd diversion of materials meant for the IDPs last week.He commended the Economic and Financial Crimes Commission {EFCC},for investigating and arresting a contractor who allegedly diverted 60 trucks of grains that were allocated to IDPs in Borno State by the Federal Government.He said that in order to secure aid and funding from international partners,there was a need for a better coordinated response by the Federal Government to the situation in the North East.''What is clear right now is that we cannot do this alone'' he added,''This is why we need to ensure that we put everthing that we can in place to ensure that the international community is involved at maximum capacity''.On the arrest of the contractor,the Senate President denounced the actions of individuals who were attempting to enrich themselves off the plight of the IDPd,stating that it was unconscionable for anyone to attempt to defraud millions of displaced Nigerians in the North East that are on the verge of becoming malnourished.''I have been to the zone twice in the past 14 month and i have experienced firsthand that the IDPd need as much food and health supplies as they can get.It is utterly immoral for someone to withhold food-in an attempt to enrich himself-while women and children are starving'' Saraki  said.Saraki added that he was already making consultations on whether or not to call a Senate public hearing to deliberate on the government's response to the IDP crisis,which many observers have called a looming humanitarian crisis-if not properly addressed.''If we all have to sit down with the various stakeholders at the Senate to find out what the institutional and logistical hindrances are,tha's what we are going to do'',the Senate President stated,''It is not enough for us to say that thre is a problem,we need to push out solutions quickly;hunger will not wait for anyone''.Saraki also expressed optimism on the passage of the North East Development Commission {NEDC} Bill as he said the Senate was using the period of the recess to iron out the creases need to ensure a smooth passage of the Bill.''I am confident that we are at the last stretch on the NEDC Bill-at least as far as the Senate is concerned'',he said,''When we return from the recess,it will be very high on our list of priority legislative interventions''.

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