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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EKITI 2018: PDP STAKEHOLDERS ADOPTS FAYOSE'S DEPUTY AS SOLE GUBER CANDIDATE TODAY.

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    Less than twelve months to the 2018 governorship election in Ekiti State, critical stakeholders of the Peoples Democratic Party (PDP) in the State have adopted the Deputy Governor, Prof Kolapo Olusola, from Ekiti South Senatorial District, as the preferred candidate of the party.
Adoption of the deputy governor, who is a professor of Building Technology from the Obafemi Awolowo University (OAU), Ile-Ife, Osun State, was the major decision reached at the party’s stakeholders meeting in Ado Ekiti today.The meeting was attended by 177 councillors, 177 ward chairmen, 16 Local Government party chairmen, 16 Local Council Chairmen, Chairmen and members of Boards and Parastatals, State Executive Council, Ekiti State House of Assembly members, serving and former members of the PDP State Working Committee, former Deputy Governor, among others.
The communique issued at the end of the meeting reads; “After due consultation, without prejudice to the provisions of the Electoral Act 2010 (as amended), we formally endorse His Excellency, Prof Kolapo Olusola (the current deputy governor), from Ekiti South Senatorial District, as our preferred aspirant/candidate.”
Those who signed the communique are; Hon Anifowose Mustapha, for Councillors, Alhaji Amuda Sunmonu, for Ward Chairmen; Hon Femi Bamisile, for Local Government Party Chairmen; Hon Dapo Olagunju, for Local Government Chairmen (ALGON); Senator Bode Ola, for Chairmen of Board and Parastatals; Dr Modupe Alade (Secretary to the State Government), for State Executive Council; Rt. Hon. Kolawole Oluwawole, Speaker of the State House of Assembly and the State Chairman of the party, Chief Gboyega Oguntuase.
Speaking with journalists after the adoption, State Chairman of the PDP, Chief Oguntuase said the party organs will abide by the decision taken by the stakeholders in the overall interest of the party and the entire people of Ekiti State.
He however said that the adoption will not preclude any member of the party that is interested in the governorship ticket from contesting, adding that open and transparent primary election will be held in accordance with the rules of the party.
Chairman of Forum of Ward Chairmen, Alhaji Amuda Sunmonu also hailed the decision to adopt Prof Olusola, maintaining that “Wherever Governor Fayose goes, we will follow him.”
Also speaking on behalf of local council councillors, Hon Anifowose Mustapha said all the 177 councillors in the State were solidly behind the governor and “the decision of the party’s stakeholders remained binding on all of us.”Secretary to the State Government, Dr Modupe Alade described the deputy governor as a competent and loyal member of the Governor Ayodele Fayose political family, adding that his adoption was a reward for loyalty, dedication and commitment.
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