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

LAGOS SET TO CONSTRUCT FLY-OVER AT PEN CINEMA AGEGE.

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    As part of efforts to ease traffic on Lagos roads as well as improve connectivity of various communities across the State, the Lagos State Government is set to embark on the construction of a Fly-Over at Pen Cinema, Agege.
This was disclosed on Friday by the State Commissioner for Waterfront Infrastructure Development, Engr. Adebowale Akinsanya, who represented Governor Akinwunmi Ambode at a stakeholders' meeting on the construction of the Bridge.
He explained that the vision of the present administration is to make Lagos State more prosperous with a robust economy, as such the State government is determined to improve and rehabilitate existing boundary roads within the communities of Aboru, Ikola, Amikanle and Ipaja to provide more access to link neighbouring States as well as improve socio-economic activities.
Akinsanya also hinted that the State government is proposing to build a direct access road from Opebi Road to link Ikorodu Road with a future provision to extend the link to the 3rd Mainland Bridge.
According to him, “The essence of the reconstruction of these roads is essentially aimed at resolving the perennial traffic gridlocks in Lagos which is expected to impact positively on the health of road users, reduce travel time and enhance the economic situation in the country.”
In his remarks, the Permanent Secretary Ministry of Works and Infrastructure, Engr. Olujimi Hotonu stressed that the proposed flyover will cut across the intersections of Old Abeokuta road with Oba Ogunji Road and Agunbiade Street in the Agege Local Government and will include Drains on both sides of Service Lanes, Alternative routes and Flyover, Provision of Walkways, Street lighting and Traffic light Signalization.
While pointing out that the State Government had made provision of alternative routes to ameliorate the inconveniences the construction might cause those plying the road, he informed that the project is expected to be delivered by November 2018.
He, therefore, solicited for the full cooperation, support and understanding of Residents, Motorists and Commuters of the road, adding that upon completion the project would reduce traffic grid lock and travel time, reduce vehicle maintenance and transportation cost, enhance the safety of road users and improve socio-economic activities of the area.Stakeholders present at the forum held at LASU Museum Premises, Agege included traditional rulers, community leaders and members, politicians, youths, market men and women among others.
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