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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AGEGE FLY-OVER: LASG RESTRICTS MOVEMENT FOR CONSTRUCTION WORKS FROM MAY 1ST 2018.

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     As part of efforts to deliver the Pen Cinema Bridge on schedule and minimise traffic congestion within the corridor, the Lagos State Government has announced the restriction of vehicular movement at Agege Intersection between Railway crossing and Church Street through Agunbiade Street in Agege.
A statement released today by the Ministry of Transportation said the restriction is necessitated by the construction of Precast/Prestressed Concrete for the dual carriage flyover at Pen Cinema junction.
It stated further that the traffic diversion will prevent vehicles coming from Ipaja Road towards Ogba from turning left at Oke-Koto but will have to go straight towards Agege Motor Road and take a left turn to connect the alternative route beside Agege Post office to link Moshalashi Alhaja onwards.
Similarly, it advised motorists coming from Old Abeokuta Motor Road, Abule Egba towards Oke-Koto/Alfa Nla Roads to turn right at Abattoir into Oko-Oba Road to link Orile Road to continue their journey or NITEL into Orile Road then turn left into Fagbola/Adejobi Street to navigate into Agege Motor road via Kasumu Street off Agunbiade Road.While soliciting the understanding of Lagosians during the period of diversion, the statement implored motorists plying the affected routes to exercise patience and obey traffic management officials deployed to the identified routes.The traffic diversion takes effect from Tuesday, May 1, 2018.
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