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Showing posts from March 18, 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

THE OCHOLI'S WERE LAID TO REST TODAY IN THEIR HOME TOWN IN KOGI STATE.

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                      Today friday Late Barrister James Ocholi,the former Minister of State for Labour and Employment was laid to rest.He was was laid to rest along side his wife,Blessing and son Josua in their family home in Abocho,Biraidu District,Dekina Local Government Area of Kogi.The three family members died in an auto crashh on March 6,on the Kaduna Abuja highway.Speaking at the funeral service,the Vice-President,Prof Yemi Osinbajo {SAN} described the three deceased family me,bers as ''saints called home by the creator''.He urged Nigerians to imbibe the scriptural injunction that in all circumstances,thanks should be given to God.Osinbajo said that late Ocholi,Blessing and Joshua played their parts in the vineyard of the Lord in diverse manners but all towards the common goal of advancing the kingdom of God.He stressed the need to be grateful to God for giving them the grace.He said that though some of the apostles died tragic and painful death,''Still t

PRESIDENT MUGABE SAID TODAY THAT,ZIMBABWE VETERANS HAD INDICATED THEY WANTED HIM TO RETIRE.

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                          Today friday,92 year old President Robert Mugabe said veterans of  Z imbabwe's independence war had indicated they wanted him to retire and he would consider it if they asked him directly.Mugbabe pointed out however that others had tried to push him out in the past and failed.He told supporters at a rally in Bindura,north of Harare,that leaders of the  Z imbabwe Liberation War Veterans Association { Z LWVA} were pushing for him to step down.Mugabe,himself a war veteran and patron of the  Z LWVA said the organisation would hold a ''frank'' meeting with him in the first week of April,where the veterans should freely express their views.Mugabe said in his native Shona language that ''They have this thinking that the president has overstayed and should go.So war veterans come to Harare....so that we can discuss this.No one should intimidate anyone.We will be saying,speak your mind.I will leave if that's what you want.It has to come

COMMISSIONER FOR ENVIRONMENT,CONDEMNS ATTACK ON KAI HEADQUARTERS BY STUDENTS OF COLLEGE OF HEALTH TECHNOLOGY.

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               The Special Adviser to the Lagos State Government on Environment,Hon. Babatunde Hunpe,has condemned the recent attack on the KAI Brigade Headquarters in Alausa,Ikeja,by some students of the Lagos State College of Health Technology,Yaba under the guise of Protest.The Special Adviser said the unruly students claimed to have attacked the Headquarters based on the continued detention of some of their colleagues earlier arrested for obstructing KAI operations in Yaba,adding that such distasteful and unfortunate behaviour is an affront on constituted authority.Speaking in the same vein,the KAI Marshal General {KMG},Mr Jimoh Amuzat CSP {Rtd},denounced the attack by the students on a government property,saying that the ugly episode depicts the level of moral decadence that pervades our educational institutions.While emphasizing that there is need for moral and ethical rebirth among our youths,Amuzat said some of the students arrested were later released but those that spearheade

LAGOS STATE GOVERNMENT,IS SET TO REBUILD TAFAWA BALEWA SQUARE TERMINAL.

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                      Plans are set by the Lagos State Government to redevelop the bus terminus at the Tafawa Balewa Square {TBS}in Lagos Island.Unfolding the plan at a Stakeholder's meeting held at the Terminus,the Commissioner for Transportation,Dr Dayo Mobereola said the project is important to the development of Lagos as a tourism corridor.While nothing that the TBS is a rallying point for commuters and of significance in the the history of the State and Nation,the Commissioner disclosed that a world class bus terminus will confer more respect on the State and preserve the heritage of the site.He assured that the proposed bus terminus will provide protection as well as help the State in prosecuting its agenda for a 24 hour economy and movement of goods and services,stressing that the design will also ensure that all the present users and transport groups will be accommodated as well as assist commuters to easily identify the buses/taxis they intend to board.According to him 

MTN NIGERIA,WITHDRAWS THEIR SUIT AGAINST FEDERAL GOVERNMENT,TODAY.

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                                Today friday,MTN Nigeria has formally announced the withdrawal of the court case against the Federal Government of Nigeria.According to a statement issued today friday,i which the telecommunication company said that this is in order to pave way for continue settlement discussions with the Federal government towards an amicable resolution of the matter in the best interests of the company and Nigeria.In restrospect,MTN on 24th of February 20 1 6,announced its withdrawal of the court case and made an initial payment of N50 Billion without prejudice.This payment was made on the basis that it would be applied towards a settlement when one is arrived at.Speaking in the press statement the Chief Executive Officer {CEO} MTN Nigeria,Ferdi Moolman said ''We have kept our promise to withdraw and we have followed through by formally doing so.This is in line with the premium we place on good corporate citizenship''.The formal withdrawal today at the