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

LAGOS TO SUBSIDISE STAFF HOUSING FOR CIVIL SERVANTS – HoS-{PHOTO}.


      The Lagos State Head of Service, Mrs. Folashade Adesoye has said that steps are currently being taken to ensure that the Rent-To-Own Scheme of the State Government eases the accommodation problem confronting employees in the Civil Service.
Adesoye disclosed this on Tuesday at the ongoing annual Ministerial Press Briefing to mark the third anniversary of Governor Akinwunmi Ambode’s administration held at Bagauda Kaltho Press Centre in Alausa
She stated that efforts are in top gear to review the Staff Quarters Manual to further strengthen the basis of the relationship between the Government and occupiers of the Staff Quarters.
Adesoye gave assurance that her office will not rest on its oars until affordable housing units are provided for members of staff, just as she expressed optimism that the Rent-To-Own Scheme would create a veritable platform for Public Servants to benefit maximally from this mortgage scheme at a subsidised rate.
Speaking further, the HOS stated that the budgetary provision for Housing Loan for civil servants in the State has increased from N50 Million N100, saying that the development lays credence to the State government’s commitment to staff welfare.
“Within the period under review, 280 Public Servants from various MDAs benefitted from a total sum of N95,033,564.14 as housing loan,” she said.
The HOS stated that the government has a total housing stock of 1,121 Housing units spread across the State as staff quarters, stating that the units have served as an avenue through which the government ameliorates accommodation issues for its workforce.
She disclosed that the State government through the Office of Transformation, Creativity and Innovation, OTCI, has completed the design of an advocacy programme aimed at enlightening Public Servants on the need for a change from a “Fixed” to a “Growth” Mindset, stressing that governance in Lagos State has been characterised by promises fulfilled, anchored through a vibrant and purposeful Public Service.“I take pride in stating that our Public Servants are competent professionals who are committed to the tenets of Service delivery. We boast of loyal, dedicated, and effective Officials across the broad spectrum of our employees from the Management Staff to the Cleaners, Drivers and Office Attendants. Let me, therefore, use this forum to celebrate the diligent Public Servants of Lagos State for their readiness to embrace change as we consolidate on our efforts to becoming a Smart City.” Adesoye stated.

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