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Showing posts from March 8, 2016

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

LAGOS STATE,SETS UP A REVENUE COURT TO TACKLE TAX EVADERS/DEFAULTERS.

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                       Today tuesday,the Lagos State Government said it would apply the relevant laws to ensure that more Lagosians voluntarily pay their taxes,just as ir warned that tax evaders and defaulters would be prosecuted.State Attorney General and Commissioner for Justice,Mr Adeniji kazeem,who sated this during a press conference held at the Bagauda Kaltho Press Centre in Alaausa Secretariat,said in view of the extreme financial downturn,there was the strong need for government to ramp up its Internally Generated Revenue {IGR},stressing that the state would spaare nothing in enforcing the laws regulating tax payment.He said the administration of Governor Ambode had put in place necessary measures to end the era of tax evasion and indeed avoidance in the state,adding that tax avoiders and evaders would be aggressively pursued in line with the provisions of the law.The Commissioner,who disclosed that the Ministry of Justice had established a Rapid Tax Prosecution Unit to aid the

THE NIGERIA'S MEMBERSHIP OF THE ISLAMIC COALITION AGAINST TERROR,HAS NOTHING TO DO WITH RELIGION-GEOFFREY ONYEAMA.

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                  Yesterday monday,the Nigeria Minister of Foreign Affairs Geoffrey Onyeama has said that the Nigeria's Membership of the Islamic coalition against terror has nothing to do with religion.The minister blamed the media for not being responsible enough in the presentation of their report.Rather than dwelling on the religious perspective,the minister said the media ought to be more interested in the objectives of the coalition.Speaking with State House correspondents after a meeting with Buhari at the Presidential Villa,Abuja,Onyeama noted that terrorism is a blobal phenom,enon and Nigeria would support any move to deal with it.He said the Islamic countries were uncomfortable with the perception that terrorism is Islamic and wants ti show that it is not the case.The minister noted that the coalition wants to show that terrorists do not speak for Islam and that nothing in Islamic teaching encourages terrorism.''What i say first of all is that you guys in the medi

150 AL-SHABAAB MILITANTS WERE KILLED,AFTER U.S AIR STRIKE IN SOMALIA ON SATURDAY.

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                     On saturday,the United States launched an air strike in Somalia that killed more than  1 50 fighters with the al-Qaeda-linked Islamist group al-Shabaab.Using both manned aircraft and unmanned MQ-9 Reaper drones,targeted al-Shabaab's ''Raso'' training camp,a facility about  1 20 miles north of the capital Mogadishu.The U.S military had been monitoring the camp for several weeks before the strike and had gathered intelligence,including about an imminent threat posed by those in the camp to U.S forces and African Union Peacekeepers.U.S Air Force Secretary Deborah Lee James described the strikes as ''Defensive in nature.There was intelligence..these fighters would soon be embarking upon missions that would directly impact the U.S and our Partners''.More photos below.             

FIRST LADY OF LAGOS STATE,EMPOWERS WIDOWS,PARENTS OF MULTIPLE BIRTHS & OTHERS,YESTERDAY.{PHOTOS}.

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                The wife of the Governor of Lagos State,in conjunction with Hope For Women Foundation {HOFOWEM},has empowered no fewer that 32 widows, 1 4 parents of multiple births and provided a hip replacement for a woman in need at an empowerment programme held at the Banquet Hall of the Lagos House,Alausa,Ikeja.In a keynote address at the occasion,Mrs Ambode reiterated the State Government's commitment and unflinching support for the less privileged,particularly widows who are often ignored and maltreated by in-laws once their husbands had passed on.According to her,societies thrive when the burden on widows are made lighter and the less privileged are assisted in a number of the ways to live better lives,adding that no society thrives in an atmosphere where this class of people are continuously ignored or scheme out of welfare calculations.While urging well meaning Nigerians and stakeholders to support the government by putting smiles on the faces of widows and the less privi

GOVERNOR AMBODE APPROVES THE EMPLOYMENT OF 1,200 TEACHERS YESTERDAY.

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                      Lagos State Governor,Mr Akinwunmi Ambode has approved the employment of   1 ,200 primary school teachers in order to boost the manpower capacity in the State Primary education system.The Chairman of the State Universal Basic Education {SUBEB},Dr Ganiyu Oluremi Sopeyin,who disclosed this in his office today,said that the gesture was part of ongoing efforts of the current administration to improve the quality of education.He explained that successful candidates were selected from a transparent examination process of international standard in order to select the best candidates.While congratulation successful candidates who would be joining other teachers,the SUBEB boss urged them to reciprocate government's good gesture by putting in their best in the State Public Service.He said that the Service has a rewarding system which will compensate them for their hard work,dedication and honesty,hence the need for them to prove their mettle to be recognised.Successful c