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Showing posts from March 20, 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

CHIMAMANDA ADICHIE'S BOOK ''AMERICANAH'' WON A CONTEST IN NEW YORK.

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                The book ''Americanah'' by Nigerian famous writer Chimanmanda Ngozi-Adichie just won the ''One Book,One New York''campaign by the Mayor's Office of Media and Entertainment and BuzzFeed.The office said today monday that New Yorkers cast their ballots for the book throughout February and said they wanted millions of residents to read it.It stated that the voting which took place in February,were both online and at Interactive digital kiossks on subway platforms.The office added that ''finally,Americanah was the book most New Yorkers wanted to read,as 50,000 voters who participated in the #OneBookNY campaign voted for it''.It explained that New Yorkers were encouraged to form their own book clubs and discussions around the book,which detailed the story of a Nigerian couple that left military-rule Nigeria.The office said Americanah centred around two young Nigerian lovers who departed for different cities in the Western ww

INEC HELD THEIR QUARTERLY MEETING WITH THE MEDIA TODAY IN ABUJA.{PHOTOS}.

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               Independent National Electoral Commission {INEC} Quarterly meeting with the Media was held earlier today 20th of March 2017 at the INEC Head Quarters Abuja,in which a number of issues were discussed.The picture immediately after the write up listed the issues discussed and endorsed.More photos below.

NIGERIA TO END RECESSION WITH AGRICULTURE-GARBA SHEHU.

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                    Garba Shehu who is the Presidential spokesman says efforts to get the nation out of its present economic challenges are beginning to yield positive results,especially in agriculture.According to the presidential aide,an increase in the volume of rice production and processing across the country iss already saving the country a lot off foreign exchange.She,who is the Senior Special Assistant on Media and Publicity to the President,said that Nigeria only imported 58,000 tons of rice from Thailand in 2015 as against 1.2million tons in 2014.He revealed that due to the country's growing rice production occasioned by the Central Bank of Nigeria's decision to deny foreign exchange for the importation of rice ''parboiled rice mills'' in some Asian countries were shutting down production.According to him,this is because Nigeria,which is one of the world's largest importers of rice no longer,buys rice from them.''Five of such mills in Thail

STATES MUST EXPLORE COMPARATIVE ADVANTAGE TO DRIVE ECONOMIC GROWTH-AMBODE+FG LAUDS LAGOS-KEBBI PARTNERSHIP ON FOOD SECURITY,{PHOTOS}.

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                   Lagoss State Governor,Mr Akinwunmi Ambode today monday identified the need for States to learn from each other and explore their various areas of strength and strategic partnership to engender economic development.The Governor,who spoke at Lagos House in Ikeja when he received members of the National Economic Council {NEC} Implementation Monitoring Committee on Retreat on the Ecoonomy led by the Minister of State for Budget and National Planning,Hajiya Zainab Ahmed,also urged the Federal Government to create a framework that would allow States to benefit from each other with the view to fostering concentric cycle of growth in the country.Governor Ambode commended the Committee for choosing Lagos as the first State to visit,saying that it was a confirmation of the success of the partnership between Lagos and Kebbi State on commodities production.He said ''The essence of this is that beyond the things that we say in NEC in terms of project,we should be able to

CENTURY POWER BEGINS 2000MW POWER PLANT CONSTRUCTION IN ANAMBRA STATE.{PHOTO}.

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                Century Power Limited,a subsidiary of Obijackon Group,owner of Nestoil Limited,pplans to start the construction of a-2000megawatts {Mw} thermal power plant in Anambra State,it was learnt.The power plant,hich will be sited at Okija in Anambra State,has been structured in such a way that the first phase,which will give an output of 465Mw and will commence operation in 2018.Its Assistant General Manager {AGM},Group Business Development,Mr Simeon Tor-Agbidye,told news men that the firm iss tidying up arrangement for gas pipeline also known as the Obiafu/Obrikom-Oben {OB3} gas pipeline.The gas will be taken from the eastern part of the pipeline.He also noted that a subsidiary of the Obijackson Group-Energy Works Technology Limited,is fabricating part of the topside facilities off Total's Egina floating production,storage and offloading {FPSO} vessel.He said: ''A feww weeks ago,we had a sail off for the Oil Loading Terminal {OLT} piles for the project.We sailed th

A DOCTOR COMMITTED SUICIDE YESTERDAY BY JUMPING OFF THIRD MAINLAND BRIDGE.{PHOTOS}

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                                         Yesterday sunday,a Medical Doctor identified as Dr Orji committed suicide by jumping off Third Mainland Bridge into the lagoon after he received a phone call.It was gathered that the doctor,who was driven by his driver had ordered him to park his Pathfinder Nissan Sports Uitility Vehicle {SUV} marked LND476EE on the bridge,before taking over the steering.The deceased who was said to be returning from church,had taken back the car keys from the driver at Adeniji Adele,drove a few metres and then parked before jumping into the lagoon.As at 7p.m,operatives of the Lagos State Rapid Response Squad {RRS} and the Marine Police Unit were still battling to rescue him.Already,the police have deployed boats and drones in the search and rescue mission.Confirming the incident,the General Manager,Lagos State Emergency Management Agency {LASEMA},Mr. Adesina Tiamiyu,said proper investigation would be conducted on the incident by the appropriate authorities.He s

PRESS RELEASE: POLICE ARRESTED 3 VICIOUS KIDNAPPERS/ARMED ROBBERS.{PHOTOS}.

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                The Nigerian Police issued an official press statement about the vicious kidnappers/armed robbers they arrested. SUSPECTS:  i. Nuhu Fulani 'M' 32 years. ii. Yahaya Muhammed 'M' 26 years. iii. Aisha Bature 'F' 23 years {wife of the gang leader}. EXHIBITS: i. One {1} AK 47 Rifle ii. One {1} Locally made pistol. iii. Thirty {30} rounds of live ammunition iv. Samsung S6 phone {belonging to their last victim} v. Charms  The IGP Intelligence Response Team {IRT} working in synergy with Technical Intelligence Unit {TIU} smashed and arrested three {3} members of an armed robbery/kidnap for ransom gang on 15/3/2017 in Zaria,Kaduna State and the above exhibits recovered from them.The gang has been on the wanted list of the Nigeria Police Force for some time now.In the course of investigation,they admitted to be responsible for some kidnappings and robberies on Zaria-Kaduna express way in Kaduna State. The last suspect Aisha Bature 23 years is th

THE DUKE & DUCHESS OF CAMBRIDGE HAVE VISITED PARIS FOR 2 DAYS FOR OFFICIAL ENGAGEMENTS.{PHOTOS}.

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                Prince Williams and his wife Kate have visited Paris for two days for official engagements.Their Royal Highnesses were met by French President Francois Hollande,visited veterans at Les Invalides,young people from the British Council programmes in France and saw the Impressionists Gallery at the Musee d'Orsay.They also attended a reception at the British Embassy where The Duke gave a speech at an event celebrating the UK and French relationship.More photos below.