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

BRITAIN WILL BUILD 112-BED WING AT KIRIKIRI PRISON TO TRANSFER NIGERIAN PRISONERS THERE.

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     Britain will build a new 112-bed wing at Kirikiri Prison in Lagos so that it can transfer Nigerian prisoners there, foreign secretary, Boris Johnson announced in London today.
In a written statement to parliament, Johnson said tenders had been placed and a supplier identified to conduct the building work at Kirikiri. He did not name the supplier.
The project will be funded from Britain’s Conflict, Stability and Security Fund, which has an annual budget of more than 1 billion pounds and aims to commission projects that can help prevent conflicts and stabilise countries or regions.
The new 112-bed wing, which will cost 700,000 pounds ($973,000) and be compliant with United Nations standards, will make it easier for Britain to comply with a prisoner transfer agreement it signed with Nigeria in 2014.
Under that deal, eligible prisoners serving criminal sentences in Nigeria and Britain can be returned to complete their sentences in their respective countries. The British government did not indicate how many prisoners might be moved or when the project is likely to be completed.
Nigerian prisons — many of them built by British colonisers more than 100 years ago — are severely overcrowded, leading to the spread of diseases.
The Nigerian government has said it is developing a strategy to tackle the issue.
Britain’s own prison system has been showing signs of severe strain in recent years, with overcrowding, rising suicide rates and a growing problem with drug trafficking and other crimes within jails that were sometimes built in the Victorian era.Kirikiri is not one of the oldest prisons in Nigeria but it does date back to colonial times.Last month, the government said the prison in the southern city of Port Harcourt, which was originally designed to hold 800 prisoners, currently has nearly 5,000. It said 3,700 of them had been awaiting trial for more than five years.
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