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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WE'LL COMMENCE DISBURSEMENT OF N25BN ETF IN DECEMBER-AMBODE.{PHOTOS}.

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                    Lagos State Governor,Mr Akinwunmi Ambode on tuesday said the State Government will commence the disbursement of the N25billion Employment Trust Fund {ETF} initiative of his administration by December,2016.Governor Ambode,who spoke in Lagos at the graduation ceremony for 500 artisans trained by the State Government on modular employability programme in nineteen different trades,said the informal sector remains a critical vehicle for economic recovery,adding that Government was passionately committed to repositioning the sector for economic gains.He said the N25billion ETF,which would be disbursed for the next four years on N6.25billion annual basis,was one of the initiatives designed to empower the informal sector,adding that government was open to idea and strategies that would aid sustainable growth of the sector.
''Let me tell you clearly that the N25bn ETF is for artisans and entrepreneurs in Lagos State.We will commence disbursement from the month off December,2016 and let me assure you that a larger percentage will go to our carpenters,our tailors,our hairdressers,our vulcanizers,and so on.Everybody that is a tradesman ans is an artisan in Lagos will have automatic access to the employment Trust Fund {ETF},'' Governor Ambode said.More photos below.

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