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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LAGOS HOST ONDO STATE HOUSE OF ASSEMBLY COMMITTEE ON FINANCE AND APPROPRIATION TODAY & TOMORROW.

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No automatic alt text available.                     Lagos State government,through its Public Procurement Agency,will today thursday 27th and tomorrow Friday 28th April,2017 host delegates from the Ondo State House of Assembly Committee on Finance and Appropriation on a two day visit to understudy the operational modalities of the State Public Procurement Law 2015,Laws of Lagos State in order to replicate same in Ondo.According to the General Manager of the Lagos State Public Procurement Agency Mr Fatai Onafowole,the Ondo State team will comprise of members of the Finance and Appropriation Committee,selected staff of the Project and Price Monitoring Unit and Ondo State Public Sector Governance Reform and Development Project {ODPSGRDP}.Mr Onafowote further stated that the visit would enable the House of Assembly members acquire necessary knowledge of the operations and benefits of the Public Procurement law in a sub-National economy as well as issues relevant to the Legislative processes.He added that the Ondo State delegates will also visit the Lagos State House of Assembly as well as observe presentation sessions on the Agency's operations,achievements and challenges scheduled to hold today thursday,.27th April,2017.The delegates will subsequently visit the State Ministry of Works and Infrastructure as well as the Ministry of Housing on Friday 28th April,for exchange of ideas and views on procurement processes and implementation strategies.
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