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Showing posts from March 13, 2017

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

EFCC ARRAIGNS FOUR FOR $10,000 OIL SCAM.{PHOTO}.

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                       The Economic and Financial Crimes Commission,EFCC,on Monday,March 13,2017 arraigned the trio of Emmanuel Onubogu,Onyeka Godday and Mamudu Musa alonside their company,Zirconafrik Limited,before Justice O.A Taiwo of the Lagos State High Court sitting in Igbosere =,Lagos on a two-count charge bordering on conspiracy and obtaining money under false pretence to the tune of USD10,000.00 {Ten Thousand United States Dollars}.The defendants allegedly approached the complainant,Adewale Olaiya,requesting the sum of $10,000,which they said they needed as ''authentication fee'' for one million barrels of crude oil allocated to them by the Nigerian National Petroleum Corporation,NNPC,for sale.However,the defendants allegedly became elusive after receiving the money from the complainant.The defendants,however,pleaded not guilty to all the charges when they were rad to them.In view of their plea,prosecution counsel,M.S. Usman,asked the court for a trial date and

MONEY LAUNDERING: WITNESS REVEALS HOW DIEZANI PAID N450M INTO BELGORE,EX-MINISTER'S ACCOUNTS.{PHOTOS}.

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              The trial of Muhammed Dele Belgore,a Senior Advocate of Nigeria,SAN,and Prof. Abubakar Sulaiman,a former Minister of National Planninf,commenced on Monday,March 13,2017 before Justice R.M. Aikawa of the Federal High Court sitting in Ikoyi,Lagos,with a prosecution witness,Timothy Olaobaju,a staff of Fidelity Bank Plc,revealing how the immediate former Minister of Petroleum,Diezani Alison-Madueke,allegedly paid the sum of N450,000,000 into the defendants accounts.The accused persons were arraigned on February 8,2017 by the Economic and Financial Crimes Commission,EFCC,on a five-count charge bordering on conspiracy and money laundering to the tune of $115,010 {equivalent of N450m}.At the resumed hearing today,Olaobaju,who is the first prosecution witness,PW1,told the court that he met the defendants in the course of his duty as a supervisor for operational activities in his region.Olaobaju,who was led in evidence by the prosecution counsel,Rotimi Oyedepo,said that the Bank&#

YEMI ALADE CELEBRATED HER BIRTHDAY TODAY WITH A HOT NEW PHOTO ON SOCIAL MEDIA.{PHOTO}.

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                   Yemi Eberechi Alade,who is popularly known as Yemi Alade was born March 13,1989 {28 years ago} is celebrating her birthday today with a hot new photo she just posted on social media.She captioned the photo above ''AM NOTHING WITHOUT GOD.#HAPPYBIRTHDAY TO ME''.I want to wish her a happy birthday and many prosperous years ahead.This picture above she really look like an African Queen.

AMOSUN SIGNS BILLS TO UPGRADE 'MAPOLY' TO UNIVERSITY+RE-ESTABLISH 'OGUNPOLY'.{PHOTOS}.

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                  The Ogun State Governor,Senator Ibikunle Amosun has signed into Law the Bill upgrading the state-owned Moshood Abiola Polytechnic {MAPOLY},Abeokuta,to Moshood Abiola University of Science and Technology,Abeokuta.The governor,who assented to the Bill,earlier passed by the state House of Assembly,during the Executive Council meeting yesterday,also signed into Law,the Bill for the re-establishment of the Ogun State Polytechnic,which will be sited in Ipokia-Yewa-Awori axis of the state.Amosun revealed that the institutions will be multi-campus,as government would engage professionals and people of high knowledge to provide the technical guide,adding that this great step will enhance the prospect of education in the state.Commending the efforts of the state House of Assembly for the timely and successful passage of the Bill into Law,the governor assured that necessary documents have been prepared and sent to the appropriate quarters.Answering questions from news men,the Sp

LAGOS SAFETY COMMISSION TO BE REBRANDED FOR EFFICIENCY-DG.

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                          Lagos State Safety Commission today disclosed that efforts are top gear for rebranding of its activities such that Safety Training Institute would be set up for the training of all stakeholders on safety,health and environment.The Director-General,Mr. Hakeem Dickson,who made this known at a two-day mandatory Electrical Safety,Fire Risk Safety Assessment,Fire Fighting Workshop for stakeholders,stated that safety audit of organizations would include checking their Safety training records and other relevant records.He said the training became necessary due to series of fire outbreak reported recently,adding that the Commission will continue to train and sensitize all sectors to avoid unfortunate incident.Mr Hakeem Dickson noted that loss of lives and properties during fire incidents have serious consequences on the economic well-being of Lagos State and Nigeria as a whole,hence the need for the Commission,as a pro-active agency,to protect the citizens and propert

FOREX: BANKS SEEK CUSTOMERS TO BUY SURPLUS FOREIGN CURRENCIES.

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                  Banks are seeking customers to buy surplus foreign currencies they hold following the flooding of the banks with dollars by the Central Bank of Nigeria {CBN}.In an effort to support and shore-up the value of Naira,CBN resolved to flood commercial banks with dollars.The banks are reported to be holding excess forex and were seeking customers to buy the foreign currencies.The banks have cleared the backlog of requests for foreign currencies for basic travel allowance,school fees and medicals.In a data released by the CBN,the apex bank,within three weeks,injected more than 1.4 billion dollars for both wholesale and retail intervention into the interbank Forex market.Mr Ayo Teriba,Chief Executive Officer,Economic Associates,is optimistic that the CBN would be able to sustain its intervention on the forex market.Teriba told NAN that increase in oil production and high oil prices had increased the foreign reserve base of the country,''We are back to a situation wher

KIM KARDASHIAN LOOKS STUNNING IN A SLEEVELESS LONG WHITE DRESS ON SATURDAY AT THE 2017 IMPACT AWARDS.{PHOTOS}.

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                                                         Kim Kardashian wore a sleeves white gown that fits her like a glove on saturday at the 2017 annual Impact Awards at the Beverly Wilshire Hotel in Los Angeles.She captioned the photo above ''So honoured to give the family impact award to the man who believed in me from from day ,Jon Murray of Bunim Murrays prods.#ImpactAwards''.More photos below.