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

OBA OF BENIN HOSTS OSHIOMHOLE TO A GRAND RECEPTION FOR HIS OUTSTANDING ACHIEVEMENTS.{PHOTO},

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      The Benin Monarch, Omo N’ Oba N’ Edo, Uku Akpolokpolo, Oba Ewuare II, on Friday hosted the former governor of Edo, Comrade Adams Oshiomhole, to a grand reception in Benin City, for his outstanding achievements while in office.
Welcoming his guest to the colourful occasion that was graced by serving governors, captains of industry, and other dignitaries, Oba Ewuare II described the tenure of former governor Oshiomhole as eventful and an era that opened the way to social-economic development of the state.
According to the revered monarch, “a lot of encomiums have already been showered on the former governor but we felt we needed to host him at the Palace Ground for promoting the Edo Culture and doing what past governors thought were impossible. He was committed to duty, achieved what past administrations could not achieve and showed great respect to the Benin Monarchy.”
The Oba prayed for comrade Oshiomhole and presented a special gift, a bronze bust of the former governor to him.
In his remarks, the Governor of Edo State, Mr. Godwin Obaseki, expressed his appreciation to the Oba for honouring his predecessor and described the event as unique and historical.
Obaseki said that the Royal Father’s acknowledgement of the achievements of Comrade Oshiomhole, shows there is reward for people who truly serve the people. He added that the event would spur him as governor to do as much or even more than his predecessor.
The governor explained that Comrade Oshiomhole did not only lay the foundation for economic development in the state but used the political platform to unify the various ethnic groups in Edo State.
In his response, Oshiomhole expressed his gratitude to the Benin Monarch for the honour and accredited his achievements to the support he got from the Benin Palace. He said he succeeded as governor of Edo State because he has a father who is the Oba of Benin.
He thanked the Oba for the royal gift and described it as the summary of his life’s struggle. He urged his successor to aspire to do more than he did and urged Edo people to be patient with the Obaseki-led administration.
Dignitaries at the occasion include the Governor of Kebbi State, Sen. Abubakar Bagudu; his Sokoto State counterpart, Aminu Tambuwal; Senate President, Bukola Saraki, who was represented by Phar. Mathew Urhoghide; Speaker of House of Representatives, Hon. Yakubu Dogara, represented by Hon. Pally Iriase, Chairman/Editor-in-Chief, Thisday Newspaper and ARISE Television, Prince Nduka Obaigbena; serving commissioners, captains of industry, traditional leaders, government functionaries and a host of others.
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