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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FINANCE MINISTER REMOVED AS CHAIRMAN OF THE NATIONAL COUNCIL ON PUBLIC PROCUREMENT BY THE HOUSE OF REP.

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Image result for kemi adeosun                           According to sources,the House of Representatives has removed Finance Minister,Kemi Adeosun as chairman of the National Council on Public Procurement.This was part of alterations passed by the House on a bill for an Act to amend the Public Procurement Act,2007 as passed by the House.One of the major amendments in the Bill was the removal of Minister of Finance as Chairman of the National Council on Public Procurement,replacing the Minister with a person to be appointed by the President with the introduction of a new section 1{2}{a}.In the same vein,section 1{2} expands membership of the National Council on Procurement by including the Minister of Budget and National Planning and eight part-time members to represent the Chattered Institute of Purchasing and Supply Management of Nigeria and Nigerian Institute of Quantity Surveyors,among others.
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