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

AMBODE COMMENDS SENATOR OLUREMI TINUBU+INSISTS LAGOS DESERVES SPECIAL STATUS.

                 Image result for mrs tinubu                        The Lagos State Government has commended the distinguished Senator representing Lagos Central Constituency,Mrs Oluremi Tinubu,for pushing the need for Lagos State to be recognized and rewarded with a Special Status and Grant into the forefront of national discourse even if the import of that request is lost on a number of her colleagues.The State Government said in a release signed on thursday by the Commissioner for information and Strategy,Mr Steve Ayorinde,that history would remember Senator Tinubu kindly for her thoughtfulness and courage in promoting the bill that sought a special recognition for Lagos State as the commercial capital of Nigeria as well as one per cent of federally generated revenue in view of its socio-economic importance to the entire country.The statement quoted Governor Akinwunmi Ambode as saying that without prejudice to the decision of the Senate to stand down the bill,Senator's Tinubu's informed position and push will remain an important contribution as well as a reference point in then national economic discourse.''At a time that our country needs courageous voices that seek soloutions that can benefit millions of Nigerians irrespective of where they are from,what the distinguished Senator Oluremi Tinubu has done is to draw attention to how Lagos State can provide more succour to Nigerians being the home to the largest assemblage of Nigerians.She has drawn attention to how Lagos deserves to be assisted so that the state can further provide assistance to millions of Nigerians.It is a pity that this import was not seen from that perspective by the majority of her colleagues,'' the statement quoted Governor Ambode as saying.It stated that in spite of the set-back the bill suffered on wednesday,the fact remains that Lagos State has always played a special role to Nigerians as individuals and to the country as a whole.''The truth of the matter is that as the most populous Nigerian state and the commercial heart-beat of the entire West Africa; a state that would have been the fifth largest economy in Africa if it were an independent country,Nigeria needs Lagos in order for other parts of the country to continue to benefit from Lagos.''A special status and a special grant are fair requests that would have encouraged and rewarded Lagos State for what it contributes to the federal purse.A yes for the bill would have provided an opportunity to truly reflate the economy and empower Lagos State in serving as home to more than 21 million Nigerians and as hub to the largest volume of businesses and foreign direct investments in Nigeria.But clearly,a spectacular opportunity has been missed by ignoring this important bill''.The statement quoted Governor Ambode as adding that in spite of the rejection of the bill,Lagos State would continue to be special and will not be deterred in continuing to play the important role of serving as a conducive and secure home for Lagosians as well as local and international visitors where opportunities are limitless and lives and property are safe.
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