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Showing posts from October 29, 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

IT'S IN NIGERIA'S INTEREST TO PROMOTE TRANSPARENCY IN EXTRACTIVE SECTOR, SAYS VP OSINBAJO.#PRESS RELEASE.

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    *EITI commends Nigeria’s “outstanding speech” at recent Jakarta conference Nigeria will continue to embrace transparency in the extractive sector because it is in the country’s overriding national interest to do so, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this during a bilateral meeting with the Chairman of the Extractive Industries Transparency Initiative (EITI), Mr. Fredrik Reinfeldt, on the side-lines of the just-concluded EITI Beneficial Ownership Conference, in Jakarta, Malaysia. He said, “Transparency in this sector is very important for Nigeria. It is in our enlightened self-interest to do so because of the strategic nature of this sector to our economy. So we are doing this more for ourselves. “These are commitments that we made with all sense of seriousness, not because we are looking for applause or commendation, but because we are convinced they are in our best interests.” At the bilateral meeting on Monday, the Vice Pres

NIGERIAN TROOPS ROUT OUT BOKO HARAM TERRORISTS, CAPTURE WEAPONS AND ONE TERRORIST ON FRIDAY.{PHOTOS}.

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      Troops of 121 Battalion of 26 Task Force Brigade of Operation LAFIYA DOLE in furtherance of the on going cleatance operations on Friday, 27th October 2017, displayed gallantry as a potent fighting force by routing out Boko Haram terrorists who were taking refuge in the surroundings of Dure, Gwoza Local Government Area, Borno State. The troops engaged the terrorists and smoked them out of their hideouts a t Jango, Nduma, Gobara, Bala Ibrahim, Fulani Rogo and Takwala villages and environs in Gwoza Local Government Area. During the operations, the troops neutralised 3 Boko Haram terrorists and captured one other terrorist alive. While several terrorists were beleived to have escaped with gunshot wounds. The troops also recovered one Fabrique Nationals (FN) rifle, one G3 rifle, charged magazines and a pair of military camouflage uniform suspected to be used by the terrorists to disguise as military personnel. Unfortunately, one soldier sustained injury during the operat

FACO CHAIRMAN PRESENTED LEADERSHIP AWARD TO THE PERM SEC LAGOS STATE CABINET OFFICE TODAY.{PHOTOS}.

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        Chairman of the Fight Against Corruption Organisation (FACO), Dr Francis Sopekun presented a Leadership Award to the Permanent Secretary, Lagos State Cabinet Office, Mr James Odupitan at the Cabinet Office Alausa, Ikeja over the weekend.More photos below.

POLICEMAN ABDUCTS AND RAPES 14 YR OLD GIRL FOR DAYS IN ANAMBRA STATE.{PHOTOS}.

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        A rogue police officer has been apprehended after being accused of kidnapping and raping a 14-year-old girl in Anambra state. It was gathered that the mobile police officer(MOPOL) identified as Barau Garba allegedly raped the little girl till her private part ruptured. 14 year old Maryam Yusuf an indigene of Kano state was said to be living with her parents in Asaba, Delta state where she attends an Islamic school in cable area known as "Hausa quarters" in Asaba, Delta state. Maryam was sent by her father to Onitsha from Asaba on 14th of October 2017 to buy an unspecified item but unluckily for her she lost the money on transit. In her bid to identify the vehicle she boarded, while standing by the roadside, she was approached by one corporal Barau Garba (A mobile police officer) with service number 275601 from MOPOL 7 Sokoto state who was on a special duty in Anambra, his team were attached to the OKPOKO police divisional headquarters, Onitsha. The

FEDERAL POLYTECHNIC OKO BANS BEARD,AFRO AND FEMALE TROUSERS DURING EXAMINATIONS.{PHOTO}

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       The management of Federal Polytechnic Oko Anambra State has issued a statement through the examination committee prohibiting its female students from wearing trousers and the male students from keeping beard, afro or grown hair during the examination. In what seems to be move to ensure absolute compliance to directives , the School's Anti -cult unit has been mandated to prevent defaulting students fr om accessing the examination halls. Reacting to the new development, a student from Department of Mass communication who identified himself as Ikenna described the move as "senseless, oppressive and uncalled for". He further described the new management of the polytechnic and in fact some of the lecturers as agents of oppression. In his words "I don't know what the new acting Rector wants to turn the school into. I don't know if they wants to turn this higher institution into a secondary school? About a month ago one of the lecturers slapped the SUG

ANAMBRA STATE HITS N1.5BN MONTHLY INTERNAL REVENUE AS DISCLOSED YESTERDAY.{READ}

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          Mr Michael Okonkwo, the Managing Director, Awka Capital Territory Development Authority, says the monthly internally generated revenue of the state has increased from N500 million to N1.5 billion. Okonkwo told newsmen in Awka on Saturday that the Authority`s revenue profile also increased from N13 million to N20 million monthly. He said that Gov.Willie Obiano`s administration inherited a monthly N500 million as IGR and directed that something is done to increase the revenue profile of the state. “ When Gov. Obiano came in, he met a monthly figure of N500 million monthly as internally generated revenue. The governor said that the situation was unacceptable and that he expected N3 billion. “ It has not been easy, but we have been able to reach N1.5 billion monthly,” he said. Okonkwo, the Chief Executive Officer of the Authority, said revenue from the six Local Government Areas that make up the capital territory, contributed N20 million to the state`s internal

SENATOR SARAKI GAVE OUT HIS DAUGHTER ''HALIMAT'' HANDS IN MARRIAGE YESTERDAY IN LAGOS.{PHOTOS}.

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       Ogun State Governor, Senator Ibikunle Amosun and his wife, Olufunso, on Saturday, joined other dignitaries, from all walks of life, to celebrate with the family of the Senate President, Dr. Bukola Saraki, as he gave the hand of his daughter, Halimat, out in marriage, to Adeniyi Olukoya in Lagos. Among those present were Vice President, Prof. Yemi Osinbajo, former President, Chief Olusegun Obasanjo, state governors, members of the National Assembly and politicians.More photos below.

TO BUILD A NEW NIGERIA, WE NEED MEN AND WOMEN THAT ARE COMMITTED TO HIGH VALUES OF INTEGRITY, SAYS OSINBAJO.#PRESS RELEASE.

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       *“We must deal with corruption decisively. It is difficult because it is systemic and affecting all institutions; perpetrated by a leadership elite that includes, not just politicians, but private sector individuals, and even religious leadership.” REMARKS BY THE VICE PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, PROF. YEMI OSINBAJO, SAN, GCON, AT THE GREATER NIGERIA PASTORS’ CONFERENCE, LAGOS, ON FRIDAY, OCTOBER 27, 2017 PROTOCOLS We stand on the threshold of perhaps the most significant moment in the history of our nation. It is a time of economic challenges, ethnic and religious tensions. In May 2015, oil prices crashed from about $100 to $37; by 2016, we were losing 1 million barrels a day. I say that we stand on the threshold of the most significant moment in our history, a time to build! It is a time, when by the sheer grace of God, we have the greatest opportunities, to be, not just Africa’s largest economy by GDP, but also its most efficient