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
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LAGOS ANNOUNCES NEW TRAFFIC MANAGEMENT MEASURES FOR AGEGE PEN CINEMA,ENVIRONS TODAY.

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       Further to the earlier partial restriction of traffic flow into Pen Cinema junction, Agege, the Lagos State Government, through its Ministry of Transportation has announced additional traffic management measures aimed at enhancing smooth flow of traffic and fast work pace for the construction of the flyover in the area.
A statement issued by the Ministry stated that the additional measures introduced entail the prevention of trucks and articulated vehicles from using Oba Ogunji Road and restricting them to Ijaye Road through Balogun Street for the onward continuation of their journey.
The statement added that other categories of vehicles will continue to use Oba Ogunji Road but must henceforth turn right into the Ijaye Medium Estate where the alternative road provided will take them to Iju Road.
While commending the people for their patience and cooperation with the State government and the contractors, the release assured that measures being taken are to ensure that the projected contract delivery date is adhered to.Construction of the One and Half kilometer-long flyover which commenced in January this year is designed to rid the Pen Cinema junction and environs of the perennial traffic congestion and the attendant waste of man-hours for Lagosians plying the area.
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