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

PRESIDENT BUHARI FELICITATES WITH FRSC AT 30+LAUDS REDUCTION IN ROAD CRASHES.

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      President Muhammadu Buhari felicitates with the management and staff of the Federal Road Safety Corps (FRSC) as the organisation celebrates 30 years of its establishment.
The President commends the vision of its founding fathers in February 1988 in response to the unacceptable level of road crashes in the country.
President Buhari notes with delight that after three decades of operations, the Corps reduced road crashes from an alarming 40,881 in 1976 to 5,993 in 2016 and 4,418 in 2017.
He further lauds the significant reduction in the emergency response time of the Corps from 50 to 15 minutes to accident scenes on the nation’s highways.
The President commends the FRSC’s deployment of international best practices and use of technology in its uniform licensing scheme, tracking, vehicle plate numbering and other services.
According to President Buhari, “the recent United Nation’s commendation of Nigeria’s road safety action plan, affirms the Federal Road Safety Corps’ leading role not only in West Africa but the entire African continent.”
He pledges the Federal Government’s continued support to the FRSC to enable the organisation achieve the goal of United Nations Decade of Action on Road Safety of 50 per cent fatality reduction by 2020, thereby placing Nigerian roads among the league of 20 global safest roads by the target year.
Declaring that road safety is a shared responsibility, the President enjoins the FRSC to intensify its public education role, while urging other government and private organisations and the entire public to support the FRSC to further make road travels safer and more pleasurable.
FEMI ADESINA
Special Adviser to the President  
(Media & Publicity}.
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