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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PRESIDENT BUHARI EMBARKS ON A TWO-DAY WORKING VISIT TO MOROCCO FROM TODAY.

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     President Muhammadu Buhari will on Sunday, June 10, embark on a two-day working visit to the Kingdom of Morocco.
The visit, which is at the invitation of His Royal Majesty, King Mohammed VI, will see the two leaders discuss socio-economic matters affecting their countries, following prior engagements in December 2016, during the official visit of His Majesty to Nigeria.
In Rabat, discussions will focus on strengthening existing agreements on the fertilizer industry, education cooperation, the Nigeria-Morocco Gas Pipeline project and establishing a basic chemical platform to harness Nigeria’s vast natural gas resources and support Morocco’s diammonium phosphate industry.
It is noteworthy that following the signing of a collaboration agreement between Nigeria and Morocco in December 2016 to revive the abandoned Nigerian fertilizer blending plants, 14 plants have been revitalized so far under the Presidential Fertilizer Initiative (PFI); with a total capacity of 2.3 million MT of NPK fertilizers.
The President will be accompanied on the trip by Governor Dave Umahi of Ebonyi State, Governor Abubakar Badaru of Jigawa State and other senior government officials.
Garba Shehu
Senior Special Assistant to the President
(Media and Publicity) 
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