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Showing posts from December 31, 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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BLOGGING RESUMES ON THE 3RD OF JANUARY+MY 2 NEW YEAR RESOLUTIONS & HAPPY NEW YEAR.{PHOTOS}.

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                                       I want to use this medium to thank everybody who has been reading all my blog posts daily,may God bless you all.I am happy this year is coming to an end because of the recession,so i am believing next year will be better than this year.My new year resolution will be to watch my weight and to eat very healthy,because health is wealth.My second new year resolution is to open up more to people because though am open to people on social media but am naturally a very quiet person so i will work on it.I want to wish you all a Happy new year in advance.More photos below.
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LAGOS,ISSUING HOUSE SEAL DEAL ON N47-BILLION BOND YESTERDAY.{PHOTOS}.

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                The Lagos State Government yesterday friday announced the closing of its N47billion 16.5 percent ,Two thousand and twenty three series 1 Bond Issuance under the N500billion Third Debt Issuance Programme targeted at improving the physical and social infrastructure base of the state.At the signing ceremony held at the Lagos House,Ikeja,the State Government issued N47billion Series I Bond maturing in December Twenty Twenty Three,under its N500billion Third Debt Issurance Programme The Book Keeping was concluded on friday December Twenty Thrid this year with the first issuance priced at 16.5 percent.State Governor,Mr Akinwunmi Ambode in his remarks at the signing ceremony,said that despite the continued challenges in the economy and difficult market conditions which have seen the last three Federal Government Bond auctions undersubscribed by an average Thirty two percent,Lagos sold some 80 percent of the bonds it offered at a 57bps spread to the sovereign.He expressed appre
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