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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OBASEKI GIVES 48 HOURS TURN-AROUND ULTIMATUM FOR APPROVAL OF BUILDING PLANS.{PHOTO}.

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       Edo State Governor, Mr. Godwin Obaseki, has charged the Ministry of Physical Planning and Urban Development, to ensure a 48-hour turn-around time for approval of building plans in the state within the next two months.
Obaseki gave the directive while speaking at a two-day workshop organised by the Ministry of Physical Planning and Urban Development, themed: “Strengthening the Institutional Framework for Physical Development Management in Edo State, held in Benin City, the Edo State capital.
He also gave 12-month ultimatum to the Edo Geographical Information Agency, to ensure that Certificates of Occupancy (C of O) and Rights to Occupancy are issued to applicants within 30 days of application.
Obaseki said the two-day workshop is organised to develop the expertise of stakeholders and strengthen the institutional framework for physical development and management. He said there was need to re-calibrate the management of the physical infrastructure to make room for well-coordinated urban development.
Noting that development hadn’t been controlled for a long while in the state, he said, “This has contributed to raising a generation that lacks required knowledge on the importance of registering development plans. People need to be educated on the importance of registering their building plans. People just wake up and do what they like, and in the process turn cities into slums,” he said.
Obaseki added, “The focus of this administration is to re-enact and rebuild the physical development and space of the state. There is need to explore the use of legal frameworks to reposition the Urban and Rural landscape of the state. This will assist us in capturing the needs of the people in the state without compromising standards.”.He said his administration has developed well-thought-out plans hinged on six strategic pillars to include institutional reforms, environmental sustainability, culture and tourism among others, adding that the state intends to ensure sanity in urban development.

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