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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FAAN AUTOMATES PSC COLLECTION AT LOCAL AIRPORTS.

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     The Federal Airports Authority of Nigeria (FAAN) released a Press Statement entitled: 'FAAN AUTOMATES PSC COLLECTION.'.It reads in part: "As part of efforts aimed at easing passenger facilitation at the nation's airports, the Federal Airports Authority of Nigeria has automated the collection of Passenger Service Charge at her local airports.This is in line with the directive by the Presidential Enabling Business Environment Council (PEBEC) Ease of Doing Business, that check-in procedures at the airports be streamlined to improve the facilitation of passengers.With this development, the use of the Passenger Service Charge sticker at the departure gate was discontinued with effect from Monday 19th March,2018. Henceforth, departing passengers who have checked-in prior to arrival at the airport can proceed directly to the boarding gates".
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