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Showing posts from July 4, 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
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CENTRAL BANK OF NIGERIA,TAKES OVER SKYE BANK TODAY.

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                             Today monday,the Central Bank of Nigeria {CBN},took over Skye Bank after the lender failed to meet the regultor's minimum key liquidity and capital adequacy ratios.The CBN Governor,Godwin Emefiele,disclosed this at a press conference,held at the CBN's head office in Lagos.Emefiele said the apex bank had appointed a new board and management for the bank following the resignation of the Chairman Chief Tunde Ayeni and Management Director/Chief Executive officer Timohy Oguntayo.The rate at which people have started withdrawing their money is alarming i will advice the CBN to assure the Syke bank customers that their money is safe to avoid panic withdrawal that can crash the bank.One more photo below.                                                                                   
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NEW BOARD OF DIRECTORS FOR NNPC,WAS APPROVED BY PRESIDENT BUHARI TODAY.

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              Today monday,President Muhammadu Buhari issued a statement through Femi Adesina,Special Adviser {Media and Publicity} to the President,that the President has approved the composition of Board of the Nigerian National Petroleum Corporation {NNPC},as provided for under Section 1 {2} of the Nigerian National Petroleum Corporation Act of 1997,as amended.The new board is composed of the following. {A}. Chairman-Dr Emmanuel Ibe Kachikwu,Honourable Minister of State for Petroleum. {B} Group Managing Director-Dr Maikanti Kacalla Baru, {C} The Permanent Secretary of the Federal Ministry of Finance; and {D} The following six Persons 1. Mallam Abba Kyari 2.Dr Thomas M.A John 3.Dr Pius O. Akinyelure 4.Dr Tajuddeen Umar 5.Mallam Mohammed Lawal,and 6.Mallam Yusuuf Lawal. President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC ''and serve the nation by upholding the public trust placed on them in managing this critical nation
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EX-NNPC BOSSES ''JIDE OMOKORE & ANDREW YAKUBU'',ARRAIGNED TODAY BY THE EFCC FOR MONEY LAUNDERING.{PHOTOS}.

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                   Jide Omokore and Andrew Yakubu,a former Group Managing Director of the Nigerian National Petroleum Corporation,NNPC,are being arraigned by the EFCC before Justice Binta Nyako of the Federal High Court,Abuja on four counts of Money Laundering.Other defendants to the charge are:Victor Briggs,Abiye Membere,David Mbanefo,Atlantic Energy Brass Development Limited and Atlantic Energy Brass Development Limited and Atlantic Energy Drilling concepts Limited.More details later.More photos below.                                                                                                                       
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MADONNA SPOTTED IN KENYA TODAY,WITH KENYA FIRST LADY TO PROMOTE AN EMPOWERMENT PROGRAM.{PHOTOS}.

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                 Music icon Madonna storms Kenya in a flowery black gown as she was spotted today with the Kenya First Lady.Madonna captioned this picture above ''Meeting with Her Excellency Margaret Kenyatta,the first lady of Kenya! Learning about her Beyond Zero Campaign which targets eliminating maternal and child mortality in Kenya and hoping to join forces to promote Female Empowerment! Around the World! happy 4th! us''.-Madonna.Then in a picture below where she is hugging a woman she captioned it ''Hugging Mama Sopdie.This Amazing Woman lives in a 10 by 10 dwelling in Kibera with her 14 children-2 adopted.Her husband killed in a political uprising.She's starying her own business with the help of Shinning Hope for Communities.God Bless her''-Madonna.More photos below.                                                
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GOVERNOR AMBODE URGES NIGERIANS,TO EMBRACE PEACEFUL CO-EXISTENCE & TOLERANCE.#EID-EL-FITRI MESSAGE.

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                Lagos State Governor,Mr Akinwunmi Ambode,today monday called on Nigerians to rededicate themselves to the cause of a peaceful and prosperous Nigeria where citizens regardless of ethnic,religious,political or social status can flourish.The Governor in his Eid-elfitri message said it is only by embracing peace,unity and fairness that Nigerians can put the country back on the path of growth and development,urging them to embrace the tenets of love ,tolerance,forgiveness and brotherhood which characterized the period of the holy month.In a statement by his Chief Press Secretary,Mr Habib Aruna,the Governor said that the nation needs brotherly love and harmonious co-existence among her citizens above all other things as a means to overcome its numerous challenges.While cautioning against acts that would divide rather than unite the country,Governor Ambode called on Nigerians to return to the values of peaceful co-existence and brotherly love.He further said ''As we ce
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NIGERIAN TROOPS AVERTS SUICIDE BOMBING BY 3 FEMALES IN MONGUNO TODAY.{PHOTOS}.

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                                                   Today monday at about 6.15am,3 female Boko Haram terrorists suicide bombers attempted to attack innocent Internally Displaced Persons {IDPs}fetching water at a borehole located about 3 kilometres,outskirts of Monguno town along Marte road.Our vigilant troops detected and gunned them down,killing both instantly.Unfortunately,the explosive they were strapped with exploded and injured 2 civilians nearby.The injured persons have been evacuated and are receiving medical attention at the 8 Task Force Division's medical facility.However,the third suicide bomber that followed a different route,detonated some distance before troops deployment along the same road at about 7:10am.Troops have cordoned off the general area and imposed restriction of movement into Monguno while they the general area and make it safe.-Colonel Sani Kukasheka Usman,Acting Director,Army Public Relations.More photos below.                                            
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ALEX BADEH TRIAL,ADJOURNED TILL OCTOBER,2016.#ARMS DEAL.

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                         Justice Okon Abang of the Federal High Court sitting in Maitama,Abuja has adjourned till monday,October 10,2016 for the continuation of trial in the prosecution of erstwhile Chief of Defense Staff,Alex Badeh.One of the offences for which Badeh is being prosecuted by the EFCC alongside Iyalikam Nigeria Limited is for allegedly abusing his office by using the dollar equivalent of the sum of N1.4billion {One Billion,One Hundred Million Naira}.removed from the accounts of the Nigerian Air Force to purchase properties in choice areas of Abuja between January and December,2013 an offence which contravenes Section 15 {2} {d} of the Money Laundering {Prohibition},Act,2011} {as amended} and punishable under section 15 {3} of the same Act.The trial will run concurrently for three days till wednesday,October 12,2016. 
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