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Showing posts from April 16, 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

PHOTOS FROM WILLIAM & KATE VISIT TO BHUTAN+BHUTAN PRINCE NAMING CEREMONY TODAY.

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               .The duke and Duchess of Cambridge pose for a photograph in Thimphu Bhutan,on thursday April 14,2016.The Duke and Duchess of Cambridge are on a weeklong visit to India and Bhutan,their first royal tour in two years.According to sources,Bhutan's new crown prince was bestowed with a name today saturday at a solemn religious ceremony at a majestic 17th century palace that houses the relics of a famous Buddhist master.The 2 and half month old son of King Jigme Khesar Namgyal Wangchuck and Queen Jetsun Pema was given the name Jigme Namgyal Wangchuck at the ceremony.Bhutan's king and queen prayed a a Buddhist monastery in the capital,thimphu,before driving to Punkha,where the ceremony took place.Today saturday,Wangchuck carried the baby prince,draped in a yellow blanket,as he walked the short distance alongside his wife to the Punakha Dzong complex,followed by Buddist monks in maroon robes and musicians pipes.Wangchuck ascended Bhutan's throne in November 2008,when

NORWAY CLOSED IT'S EMBASSY IN ZAMBIA,BECAUSE OF CORRUPTION.

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                            According to Sources,Norway has closed its embassy in Zambia with Norwagian Ambassador citing corruption as one of the reasons why his country was moving out of the southern African nation.The embassy also said it was pointless to keep funding a country which did not show commitment to improving its own management.The Norwegian Ambassador Arve Ofstad was quoted as saying ''There was a feeling that the anti-corruption fight has been going very much up and down and we feel that when a country doesn't make enough use of its own resources.I's not doing well enough in terms of public resource management,in terms of its distributional policies,then we should leave.As of today...we found that it was more necessary to keep our embassies elsewhere.Sorry,but that's reality''.Ofstad further said that remaining in Zambia was not viable due to the lack of accountability and progress.Reacting to the development,According to CCTV,opposition Rain

HEAVY PROTEST IN EGYPT TODAY,AFTER THEIR PRESIDENT GAVE AWAY 2 OF THEIR ISLANDS TO SAUDI ARABIA KING.

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                  About 200 protesters took to the streets to call for Egyptian President Abdul Fattah al-Sisi to resign.President Sisi has faced heavy criticism over his executive decision to give away the Red Sea islands,during a visit by Saudi Arabia's King Salman.The uninhabited islands have been under Egyptian control since 1050.The protesters in Cairo chanted ''Sisi out'' and ''We own the land'' which was written in Arabi.Both secular and Islamist activists had called for people to demonstrate against the transfer of the uninhabited islands.The president was forced to publicly defend his decision to give away the islands,Tiran and Sanafir,which are situated at the mouth of the Gulf of Aqaba.He said they had always belonged to the Saudis and Egypt had simply been as led to look after them.He said ''We did not surrender our rights but we restored the rights of others.Egypt did not relinquish even a grain of sand.All the data and documents

NIGERIAN ARMY,REPELLED BOKO HARAM ATTACKS YESTERDAY & RESCUED 455 HOSTAGES.

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               Yesterday friday,in the early hours,some elements of Boko Haram terrorists in 5 gun trucks,motorcycles and 2 Golf cars laden with Improvised Explosive Devices {IEDs} from Sambisa forest axis attempted an attack on 121 Task Force Battalion at Pulka.The ever alert and vigilant troops rose to the occasion and successfully repelled the attack and killed 7 Boko Haram terrorists,wounded several others and recovered 4 AK-47 RIFLES,3 AK-47 RIFLE MAGAZINE AND 92 ROUNDS OF 7.62mm {NATO} belt ammunition.We wish to state that our troops are hale and hearty.In a related development,troops of 3 Battalion caught a suspected Boko Haram terrorists spy near the Battalion Headquarters at Gamboru Ngala.On interrogation,he confessed that he was sent to spy on the troops organised a fighting patrol comprising elements of Army Headquarters Strike Group abd Civilian JTF to Wulge and Walamari.The troops had encounter with Boko Haram terrorists in which they killed 27 of them,recovered 5 motorcyc

LAGOS CHIEF JUDGE,RELEASES 31 MORE PRISONERS FROM IKOYI PRISON.

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                     The Chief Judge of Lagos State,Justice Oluwafunmilayo Atilade on thursday continued her prison amnesty exercise with the release of 31 inmates from the Ikoyi prison.Speaking during her visit to the prison yesterday,the Chief Judge said that her administration is committed to decongesting prisons in the state,and that situations where cases are allowed to prolong unnecessarily in courts will no longer be tolerated.while admonishing the freed prisoners not to return to crime again,Atilade stated that her administration will continue to review cases of inmates who have no business being in prison.According to herv''Those of you that have been released today should see this as an opportunity for a new beginning.You must henceforth be of good behaviour and never return to crime.The purpose of carrying out this exercise is to achieve a reduction in the awaiting trial population in prisons,situations where cases are allowed to unnecessarily drag on in court will n

GOVERNOR AMBODE IS SET TO CONSTRUCT,ADDITIONAL PEDESTRIAN BRIDGE AT OJOTA BUS STOP.

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              The Lagos State Government has announced that an additional foot bridge would be constructed at Ojota bus stop on Ikorodu road,to complement the existing one in order to contain the recent upsurge in usage by Pedestrians.The Commissioner for Information and Strategy,Mr Steve Ayorinde,who disclosed this in a statement on thursday,said the decision arose out of the need to reduce the long time being currently spent on he queue by people using the bridge.He said the construction of the additional bridge has become necessary after the newly erected New Jersey Wall on the median of the expressway has effectively curtailed indiscriminate dropping and picking of passengers along the highway as well as dangerous crossing of the road on foot by commuters.He reiterated that the need for the construction of the wall,which is similar to the same measure taken between Ketu and Mile 12 axis of the road is meant to reduce fatalities on the part of commuters crossing the highway and the