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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FEDERAL GOVERNMENT HAS APPROVED THE AWARD OF A $470 MILLION CONTRACT FOR ABUJA WATER SUPPLY PROJECT.

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No automatic alt text available.              The Nigerian government has approved the award of a $470 million contract for the greater Abuja Water Supply Project to provide water for residents of the Nigerian federal capital.The Federal Executive Council approved the contact at its meeting presided over by the Acting President,Professor Yemi Osinbajo.
Minister of the Federal Capital Territory,Mohammed Bello,who briefed State House Correspondents on the outcome of the meeting,said the Greater Abuja Water Supply Project,which was one of the three memoranda his ministry presented at the meeting,was aimed at providing potable water supply to greater part of the Abuja.''This project,which is being funded by the China EXIM Bank,is to provide water to what we call loops 1,2,5 and 6,''Bello said,explaining that the overall master plan for Abuja has 10 loops out which looks which ''loops 3 and 4 are already operational,providing water to Garki,Asokoro and the Central Business District''.
He said the project would leverage on the Lower Usuma Water Treatment Dam and the Wupa Water Treatment Plant in Abuja,which is reputed to be one of the largest in Africa''.
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