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Showing posts from November 15, 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

PROTESTERS FROM ETI-OSA SHUT DOWN AMBODE'S OFFICE TODAY AFTER 800 STRUCTURES WERE DEMOLISHED.{PHOTOS}.

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                   According to sources,activities at the offices of the Lagos State Governor and House of Assembly were today tuesday paralysed as residents of Otodo-Gbame Community,Eti-Osa Local Government,barricaded the governor's office in protest over killing and demolition of over 800 structures within the community.The protest was the second after the first held on Monday by the residents,to express their displeasure over the demolition of structures in the over 100 year old community.Both entrances to the office of Governor Akinwunmi Ambode and the House of Assembly were barricaded.Scores of protesters also barricaded the Mobolaji Johnson Way and governor's road as they chanted several songs to express the hardship they had been subjected to.This development prompted the policemen attached to the office to shoot at the protesting residents to scare them away from the entrance.Mr Muhammed Zana,who spoke on behalf of the protesters said ''Officials of the Director

EFCC ARRAIGNED 'LETS PARTNER WITH YOU LTD' & ITS DIRECTORS FOR ILLEGAL OPERATIONS.{PHOTO}.

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                       The Economic and Financial Crimes Commission.EFcc today tuesday 15,November 2016,arraigned the duo of Patrick Shanchi Nwokike and his wife Rosemary Ifeoma Nwokike along with their company 'lets Partner With You Limited'' before Justice Dugbo R.O Oghoghorie of the Federal High court Enugu,on a four count charge bothering on Advanced Fee Fraud and Carrying Out Banking Business without valid License,an offence which runs contrary to the provisions of SECTION 2{1} of the BANKS AND OTHER FINANCIAL INSTITUTION ACT. While taking their plea,the accused persons pleaded not guilty on all counts of the four count charge preferred against them by the EFCC.The Defense Counsel Barr. Orji Nwafor-orizu quickly applied for bail for the accused persons on the grounds that the offence was a bailable one andd he prayed the court to grant bail on liberal terms.But the Prosecuting Counsel Barr. S.M.H Ibekwute immediately opposed the application with a 29 paragraphed affid

LA POLICE CHIEF REFUSES TO HELP DONALD TRUMP KICK OUT ILLEGAL IMMIGRANTS.{PHOTOS}.

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                 It was reported today that Los Angeles Police Chief Charlie Beck has said h will not change the city's stance on illegal immigration,despite President-elect Donald Trump's threat to remove millions of foreigners when he enters office.The LAPD's top cop told Los Angeles Times yesterday monday that his officers are not going to engage in Law enforcement activities solely based on somebody's immigration statud.'.Bck says it is not the LAPD's job to work in conjunction on deportation with Homeland Security-and that's not going to change.He also said deportation was a 'monumental' task,considering there are roughly 500,000 illegal immigrants in the city alone.It has been department policy for decades not to initiate contact with someone solely to determine whether they are in the country legally.During Beck's tenure he has avoided turning over people with questionable immigration status who are arrested for low-level crimes.Beck also

NIGERIA TROOPS DISCOVERED SOME ILLEGAL BUNKERING EQUIPMENT AT DELTA STATE.{PHOTO}.

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                Troops of Sector 1,on a tip off discovered some illegal bunkering equipment along Chanomi North bank pipeline,Burutu Local Government Area,Delta State.Items recovered include one welding machine,2 inserted valves.2 shovels,2 filing machines,2 packets of electrolyte,one hose,bolts,nuts of various sizes and a pumping machine.Troops while on patrol also discovered militants/kidnappers camp at Rumuekpe,which was destroyed.Also troops handed over to Ughelli Area Command,2 suspects Messrs Julius Egorume and Ese Ohoro who were arrested earlier in connection with act of vandalism at Nigeria Petroleum Development Company {NPDC} Well Head 12 located between Otu Jeremi and Ukpiovwin communities in Ughelli South Local Government Area of Delta State.Furthermore,the troops while on patrol at Ugbemu Village along Oghara Benin Road in Ethiope West Local Government Area of Delta State intercepted a tipper with registration number Akwa Ibom XA 240 KTD carrying 200 litres locally construc

ENDING RECESSION REQUIRES DIALOGUE AND COOPERATION-SARAKI.

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                 14 November 2016,Abuja.Today Senate President {Dr} Bukola Saraki said ''ending the recession requires dialogue and cooperation from Nigeria's national leaders''.The Senate President's comments were in response to repeated questions about his recent meetings with President Muhammadu Buhari and the Senate's votes to return the President's Mid-Term Economic Framework {MTEF} and $29.9 billion loan request pending the submission of supporting documentation.''Reports of rising tension between lawmakers and the president are overblown,'' Saraki stated.''The MTEF and the loan request were returned to the executive because both submissions lacked the supporting documentation necessary to conduct due diligence and oversight'' he said. ''The real concern should be the length of time it will take to receive the requested documentation and the time lost toward beginning the 2017 budget process''.The Sen