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Showing posts from October 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

U.S SPECIAL REPRESENTATIVE TO MUSLIM COMMUNITIES,PAID A COURTESY VISIT TODAY TO THE EMIR OF KANO.{PHOTOS}.

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                      U.S Special Representative to Muslim Communities Shaarik Zafar commenced his first official trip to sub-Saharan Africa in the ancient city of Kano,where he paid a courtesy call on the Emir of Kano and addressed a press conference on the purpose of his visit to Nigeria.While in Kano,Special Representative Zafar will offer opening remarks at an inaugural workshop on anti-corruption tools for religious leaders.In Abuja,he will meet with religious and community leader and learn of their challenges and opportunities.More photos below.

READ WHAT CHIMAMANDA ADICHIE IS TALKING ABOUT PRESIDENT BUHARI.

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                  Nigerian international writer/author Chimamanda Ngozi Adichie spoke to New York Times about President Muhammadu Buhar.She starts off by saying that she welcoomed his election in 2015,especially as it signalled a peaceful and democratic transfer of power.But that optimism is now gone and she says Mr Buhari missed his chance to change Nigeria.Ms Adiche attacks his initial policy of trying to support the currency,the naira,in the face of the overwhelming pressure for it to be devalued.She is also critical of the attempt to ban the import of certain goods.''His intentions,good as they well might be,are rooted in an outdated economic model and an infantile view of Nigerians.For him,it seems,patriotism is not a voluntary and flexible thing,with room for dissent,but a martial enterprise: to obey without questioning,'' she said.She also discusses the insecurity in the country and the perception in the south of the country ''that he promotes a northern

EFCC ARRAIGNS EDO DEPUTY GOVERNOR'S BROTHER FOR N9.3 MILLION FRAUD.{PHOTO}.

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                                                   The Economic and Financial Crimes Commission,EFCC,yesterday monday October 17,2016,arraigned one Joseph Ovbokhan Odubu and his company,Even Handed Services Limited before Justice P.I Ajooku of the Federal High Court,sitting in Benin,Edo State on a 3 count charge bordering on forgery,uttering and obtaining money by false presence to the tune of Nine Million Three Hundred and Sixty Thousand Naira {N9,360,000.00}.Though when the charges where read to him,he pleaded not guilty.In view of his plea,the prosecution counsel,C.A okoli asked the court to fix a date for the commencement of trial and that the accused person be remanded in prison custody.However,counsel to the defendant,Osama Idehen made an oral application for bail which was refused by the court as she was asked to file a formal application.Justice Ajoku adjourned the case to November 22,2016 for trial and ordered that the defendant be remanded in prison custody.

RRS BUSTED A 6-MAN GANG YESTERDAY,THAT SPECIALIZE IN STEALING LIGHT-UP,CABLE WIRES,STREET LAMPS ETC.{PHOTO}.

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              The operatives of Rapid Response Squad {RRS} of Lagos State Police Command,yesterday Monday,busted a 6-man syndicate which allegedly specialized in vandalising and stealing light-up Lagos cable wire,street lamps and light poles installed by the Ambode-led administration to illuminate the State.The suspects,Tunde Alaba,29, Saheed Ismail,27,Deji Afolorunso,26, Sunday Obasanmi,27,Jelili Abodunrin,32,and Taofeek Oyedele,28,were apprehended at about 2:30 am,under the bridge at CMS after destroying the streetlights powering the are and its environs.It was gathered that the RRS operatives who were patrolling the area,sighted them in the act of pulling down the street lamps,cables and poles,before mobilising more officers for their eventual arrest and mmovement to RRS Headquarters,Alausa.The suspects,who confessed to the crime during interrogation and revealed that they have been living under the bridge for about 4 years,have been transferred to the Lagos State Environmental Task

AISHA BUHARI,OSHIOMOLE,OTHERS FOR 'COWLSO' WOMEN CONFERENCE.{PHOTOS}.

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                   Wife of the Nigerian President,Hajiya Aisha Buhari and Governor of Edo State,Comrade Adams Oshiomhole are among dignitaries expected to grace this years's national women conference of the Committee of Wives of Lagos State Officials {COWLSO},with the theme 'Strong Family,Strong Nation'.During a news briefing held at Bagauda Kaitho Press Centre,Alausa,COWLSO Chairman and Wife of the Lagos State Governor,Mrs Bolanle Ambode said Hajiya Buhari would serve as the Mother of the Day and also declare the conference open,while Governor Oshiomhole would be the Special Guest of Honour at the closing ceremony.The Conference,according to Mr Ambode is slated to hold between October 24 and 26,2016 at the Convention Centre of Eko Hotel and Suites,Victoria Island,while other seasoned academics and facilitators drawn from Nigeria and Overseas would discuss various issues such as cause of  domestic violence and consequences,building blocks of the family unit,child abuse,fami