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Showing posts from May 9, 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

LAGOS MOVES TO CRIMINALISE POWER THEFT VANDALISATION.{PHOTOS}.

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                           The Lagos State Government todaay tuesday said it has concluded plans to enact a law to specifically crminalise and punish severely persons who engage in power theft and vandalisation,expressing optimism that it would go a long way to tackle the menace headlong.Commissioner for Energy and Mineral Resources,Mr Olawale Oluwo,who said this at the ongoing Ministerial press briefing to commemorate the second year in office of Goverment was worried that its efforts to ensure streets of Lagos are well lit was being threatened by vandals.He said the Government had noticed a trend where some electricity infrastructures are damaged by hit and run motorists,saying that such was detrimental to the quest of the State to ensure that every nook and cranny of the State is lit.But he said the State Government was coming up with a law under its Embedded Power Initiative to protect public lighting infrastructures from such destruction and vandalisation.''We have noticed

STOP ASSAULTING OUR OFFICIALS-LAGOS STATE GOVT WARNS TODAY.

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                  The Lagos State Government has warned the general public to henceforth desist from molesting or assaulting its officials on duties within the State or face tthe wrath of the State Government.Giving this warning was the State Commissioner for Finance,Mr Akinyemi Ashade,while reactng to a report of assault of a Land Use Charge field officer on duty at No 9,Mologede Street Meiran in Ayobo-Ipaja area of the State.According to the report,Usuaulele Ernest and his sister Usuaulete Jessica beat up the field officer and destroyed hiss camera while taking the photography of a bill posted on the property as part of the evidence of notice served on the property as demanded by Law.The Commissioner warned that the State Government will not hesitate to deal decisively with anybody obstructing its officials in the performance of his/her lawful duty within the provision of Law.Ashade urged Land Use Charge Field Officers to continue putting in their best in the performance of their dut

EFCC ARRAIGNS A FEMALE MEDICAL DOCTOR TODAY FOR ALLEGED FORGERY.{PHOTOS}.

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                                           The Economic and Financial Crimes Commission,EFCC,today tuesday arraigned one Dr Mrs Geraldine Orok Ita before Justice I.E Ekwo of the Federal High Court sitting in Calabar,Cross Rivers State on a nine-count charge bordering on forgery and uttering of documents.The defendant is alleged to have forged and uttered the signature of one Mrs Rose Orok Ita,in documents titled ''Resolutions'' filed at the Corporate Affairs Commission,CAC.The defendant pleaded not guilty to the charge when it was read to her.Based on her plea,the prosecution counsel,Esin Oto Ebipade asked the court to fix a date for trial.However,counsel to the defendant,CAC Efifi told the court that he has filed a bail application and prayed the court to grant bail to the defendant.He said the alleged offence were bailable and that the defendant will be available to face trial.EFCC counsel did not oppose the application but urged the court to ensure that the defendant

SARAKI INAUGURATED 18 PERSON TECHNICAL COMMITTEE ON THE AMENDMENT OF 'CAMA' & 'ISA' YESTERDAY.{PHOTO}

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               Yesterday Monday Senate President Saraki ,Inaugurated an 18-person technical committee on the amendment of the Company and Allied Matters Act {CAMA} and Investment and Security Act {ISA}.The aim of this technical committee is to review these Bills,in order to ensure that they will truly improve the ease of Doing Business in Nigeria.Every Nigerian that has a business idea should be able to register and incorporate his or her company without hassle or delay.For every business that we start,our nation benefits from employment,revenue generation,products and services to better our lives and enterprises that will help drive and reinforce our claims of being the fastest growing economy on the continent.

PDP FACTION'S STATEMENT ON FREED CHIBOK GIRLS IS INDECENT,INHUMAN-FG.

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                 The Federal Government has described as indecent,inhuman and ill-timed the statement credited to a faction of the PDP criticising the process that led to the release of the 82 Chibok Girls over the weekend.In a statement issued in Abuja yesterday monday,the Minister of Information and Culture,Alhaji Lai Mohammed,said it is patently insensitive for any individual or organization to seek to douse,on the altar of politics,the universal joy that has greeted the release of the 82 girls,the highest number so far freed since their unfortunate abduction under the watch of the PDP over three years ago.He said from the ill-advised statement,it is clear that the PDP,whose incompetence and cluelessness precipitated the Chibok girls crisis in the first instance,is not wishing and praying for it to end with the safe return of the abducted girls.''In his inaugural address,President Muhammadu Buhari said the Administration cannot claim to have defeated Boko Haram without rescu

KIM KARDASHIAN SHARED A VERY CUTE PHOTO OF HER SON ROCKING ADIDAS SHORTS.{PHOTOS}.

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               Kim Kardashian West,few hours ago shared a very cute photo of her son Saint obviously staring at her or his sister North.With her son just wearing a white singlet and a blue Adidas shorts,She captioned the photo ''LOVE''.She also shared a photo of her husband Kanye West carring her daughter North West who is sleeping with the caption ''My baby boo kids Supply''.You like?.More photos below.

BORNO GOVERNMENT TO REHABILITATE FREED CHIBOK GIRLS.{PHOTOS}.

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                 The Borno State Government says it will remain committed to partner with the Federal Government in the full rehabilitation and the education of the 82 Chibok girls that have recently been freed.Governor Kashim Shettima,who was reacting to the negotiation and release of the 82 abducted Chibok Schoolgirls in Maiduguri,said all Nigerians should cooperate with federal experts,who would have the task of counseling rehabilitating the girls.The Borno State Governor said the full rehabilitation of the girls was a collective priority,which the people should place first before any search for new insights.The Borno State Governor said the freedom of these Chibok girls had renewed the government's hope,as well as strengthened its faith in the commitment and capacity of President Muhammadu Buhari's administration to continue to work for the freedom of the remaining girls,who were still in capacity.He urged parents,whose daughter were not part of those freed,to keep hope ali

LAI MUHAMMED INAUGURATES 'NTA' BOARD TODAY ON BEHALF OF MR PRESIDENT.{PHOTOS}.

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               Today tuesday the 9th of May 2017 in Abuja,the Minister of Information,Alhaji Lai Muhammed inaugurates NTA {Nigerian Television Authority} Board on behalf of Mr President {buhari},at Obasanjo Hall,Head of Service.As at the time of this report,the event is still on going.So more information might be updated UPDATE: The Minister of Information and Culture,Alhaji Lai Mohammed,has challenged the Nigerian Television Authority {NTA} to leverage on its rich experience and the unique power of technology to enhance its professionalism,while also serving as an effective tool of national integration.The Minister issued the challenge today tuesday while inaugurating the new Management Board of the NTA,chaired by Chief Duro Onabule.''The NTA's key function is to provide independent and impartial television broadcasting for general reception as a public service in the interest of Nigeria.No other television station in Nigeria is charged with the same social responsibilit

WE ARE PROUD OF YOU-RIVERS CP TELLS MAGU.{PHOTOS}.

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                                                       The Rivers State Police Commissioner,Mr Zaki Ahmed has expressed satisfaction and delight in the efforts of the Acting Chairman of the Economic and Financial Crimes Commission,EFCC,Mr Ibrahim Magu,in ridding the nation of corrupt practices.According to him,Magu's efforts have brought pride and honour to the Nigeria Police and Nigerians in general.Ahmed gave this commedation yesterday monday in Port Harcourt,Rivers State,when Magu paid him a courtesy call.''You are doing a good job and we are proud of you.Corruption is a monster.It has tried to destroy the nation but with your efforts and efforts of your men,we will overcome it.Someone doing a good job like you must be faced with so many obstacles but by the grace of God,you will overcome them'',he said.Magu was in the Port Harcourt's Zonal office of the EFCC on a one-day working visit.Aside his courtesy call on the Police Commissioner,he also visited the Chi