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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KWARA STATE GOVERNOR AHMED APPROVES RELEASE OF N937M TO CONTRACTORS.

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Image result for kwara state governor            Kwara State governor, Alhaji Abdulfatah Ahmed has approved the release of N937, 572, 974.09 to contractors handling various infrastructural projects across the State.
The amount represents the third quarter payment under the Kwara Infrastructure Development (IF-K) payment grid for completed, ongoing and new projects.
News of the approval was contained in a statement issued on Sunday by the State Commissioner for Finance, Alhaji Demola Banu. He stated that the payment would be made to the contractors in September.
Banu, who noted that the release of the funds is to ensure that the ongoing projects and new projects are completed on schedule, added that the money will also cover payment for some completed projects.
He listed some of the beneficiary projects to include construction of Arandun-Rore Ipetu road, Ilesha-Baruba-Gwanara road, Share-Oke Ode road (section 1 & 2), Arobadi-Megida road, Offa-Ira road, Ilala bridge, Erin Ile-Ilemona road, College of Engineering Building (phase 1) and construction of Oko Idofin-Odo Ase road.
Others are rehabilitation of Egbejila road, Ilorin, Oke-Opin township road, Anilelerin-Ita Erin road, Offa, Old Garage Central Mosque Mission road, Agbabiaka road, Gaa Akanbi Ilorin, Offa-Ipee road, Ilorin water supply and reticulation network, channelization network of Ita-Alamu village as well as the ongoing repositioning of the state-owned media houses.
The Commissioner revealed that after all the scheduled payments for September are made, 8 additional projects would have been fully paid off and dropped off the IF-K payment grid.
He called on the contractors handling the various ongoing projects spread across the State to fast-track their completion and make sure that the projects are executed in accordance with contractual agreement and specifications.Banu restated the determination of the Ahmed-led administration to complete all ongoing and new projects before the expiration of the administration in 2019.
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