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Showing posts from October 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

NIGERIAN TROOPS ARRESTED SOME BOKO HARAM MEMBERS IN MAIDUGURI & MAFA.{PHOTOS}.

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                                                     In what could be described as bumper harvest in the wave of arrests of escaping and infiltrating remnants of Boko Haram terrorists in the north east,troops of Operation LAFIYA DOLE with assistance of Civilian JTF,have arrested quite a number in Maiduguri and Mafa.Yesterday afternoon,at Kasuwar Shanu {Cattle Market}, one Abur Modu Magaji was apprehended by Civilian JTF and handed over to troops.Preliminary investigation shows that he admitted to rustling 45 cows from Saleh Mohamed with 20 other Boko Haram terrorists at gun point.He however cooperated and assisted in pointing out 7 other suspected terrorists at Mafa road checkpoint.The 3 suspectd Ibrahim Chari,Bulama Magaji and Nde Ngude were positively identified as Boko Haram terrorists group members that he had operated with in the past,while 4 others; Mustafa Fannami,Abubabakar Modu,Mohammed Merai and Abur Mustafa bought cows from him out of the stolen animal.Smilarly,Bakura Agwala

N8BN CBN CURRENCY SCAM: EX BANKER BAGS TWELVE YEARS JAIL TERM.{PHOTO}.

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                     Justice Joyce Abudmalik of the Federal High Court,sitting in Ibadan Oyo State,on thursday,6th October convicted one Ademola Oni,a former banker with the WEMA Bank,and sentenced him to twelve years imprisonment for conspiracy and money laundering.The court also rules that he forfeits all his properties and cash in various banks as proceeds of the crime.The journey to prison started for Ademola when he was arraigned by the EFCC alonside six former officials of the CBN and fifteen others from different Commercial banks in an alleged case of conspiracy and money laundering.The bankers allegedly conspire to steal and conceal mutilated and defaced local currency amounting to eight billion naira {N8bn} from the Central Bank of Nigeria.Ademola,who was the 4th defendant in the matter,however,opted for a change of plea and entered into a plea bargain agreement with the prosecuting counsel.At the resumed hearing on thursday,6th October,before Justice Abdulmalik,the prosecutin