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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EFCC TO MARK AFRICAN ANTI-CORRUPTION DAY WITH ROAD WALK TOMORROW.{PHOTO}

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    Foremost anti-corruption agency in Nigeria, the Economic and Financial Crimes Commission, EFCC, has finalised plans to commemorate the 2018 African Anti- Corruption Day on Wednesday July 11, 2018with a road walk.
According to the acting Chairman of the Commission, Mr. Ibrahim Magu the ‘walk’ which will involve cross section of stakeholders drawn from the Civil Society Organisations, Non-Governmental Organisations, Development partners, government agencies and trade union groups among others, will hold from 7am in Abuja and major cities where the Commission currently have office.The other cities are Lagos, Port Harcourt, Ibadan, Kaduna, Kano, Gombe, Maiduguri, Enugu, Benin and Uyo.
The objective of the ‘walk’ is to sensitize the youths on the dangers of corrupt and the role which they should play in fighting the malaise.
Head of states and Governments of the African Union, AU, in 2011 declared July 11 every year as the ‘African Anti- Corruption Day’, following the adoption of the African Union Convention on Preventing and Combating Corruption on 11 July, 2003 in Maputo, Mozambique.
This year’s event has unique resonance coming against the backdrop of the AU declaration of 2018 as the ‘African Year of Combating Corruption’, with the theme, “wining the fight against corruption: A Sustainable Path to Africa’s Transformation”. The designation of President Muhammadu Buhari as Africa’s Anti-Corruption Champion also adds a distinct Nigerian flavour to this year’s event with the EFCC driving the process.Take off point for the ‘walk’ is EFCC Old Head Office, 5, Fomela Street, Wuse 2, Abuja
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