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@50: AMBODE COMMISSIONS 10 ROADS,THREE BRIDGES,OTHER PROJECTS.

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Image result for ambode          The Lagos @ 50 celebrations took a new dimension this week as the State Governor,Mr Akinwunmi Ambode embarked on commissioning of several infrastructural projects across the State.The projects,including network of roads,bridges,seven transformers,Street Lighting infrastructures,monuments and a recreation park,the Governor said was in line with his commitment to make life comfortable for residents irresspective of location within the boundaries of the State.Among the projects commissioned from Tuesday and expected to climax on Saturday include Ijegun-Isheri-Osun-Isolo Road,Camp Davies Road/Ishefun Road,all in Alimosho Local Government Area; Brown Road in Surulere; Adisa Ajibulu Road wwith Bridge and Kolawole Shonibare Street,Ajao Estate Road,both in Oshodi-Isolo Local Government Area.Other projects include installation of new transformers in Ibeju-Lekki,Epe,Eredo,Agbowa-Ikosi,Igbogbo-Bayeku,Ikorodu and Olorunda areas as well as Ojuloge Monument located opposite National Arts Theatre,Iganmu; Empowerment Monument at Sabo,Yaba; Drummer Monument at Ebute Ipakodo Roundabout,Ikorodu and Badagry Recreational Park,Topo Idale.At the commissioning of Ijegun-Isheri,Osun-Isolo Road,the Governor who was represented by the Commissioner for Physical Planning and Urban Development,Tpl. Wasiu Anifowose said the delivery of the road project was part of the efforts of his administration to ease movement of people from one point to the other.The dual carriage way road project,which included two bridges at Isheri Oshun aand Ailegun junction,drains on both sides,service ducts and street lighting,among others,is a viable alternative route for people of Ijegun,Ijeododo and Isheri Oshun to link Apapa-Oworonshoki Expressway through Jakande Estate.The road,which is with a total length of 6,500 long and average width of 20.350m,was also designed to significantly decongest traffic at the ever busy Ikotun Junction.He said the project would greatly improve connectivity and significantly reduce travel time as well as man hour lost due to traffic congestion in the area.
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