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

BUHARI WRITES NASS,VOWS TO DEAL WITH CORRUPT OFFICIALS.


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    President Muhammadu Buhari on Saturday transmitted a letter to the National Assembly informing them of his resumption of duties as president.
Garba Shehu, the president’s Senior Special Assistant on Media and Publicity, confirmed this in a statement in Abuja on Saturday.
According to Mr Shehu, the transmission of the letter to the two arms of the legislature — the Senate and the House of Representatives — followed the completion of his 10-day working leave.
Mr Buhari said: “In compliance with Section 145 of the 1999 constitution (as amended), I write to intimate the Senate, the House of Representatives that I have resumed my functions as the President of the Federal Republic of Nigeria with effect from today, Saturday, 18th August, 2018, after my vacation.
“Please accept, Distinguished Senate President, Hon. Speaker, House of Representatives, the assurances of my highest consideration.”
Meanwhile, Mr Buhari has assured Nigerians that he would not spare anyone found guilty of any corrupt practice or sabotaging the nation’s economy.
He gave the assurance when he spoke to the NTA on arrival from London on Saturday at the Presidential Villa, Abuja.
Mr Buhari, who was reacting to happenings during his absence, including the cases of defections by politicians, said the incidents were part of the beauty of democracy.
He, however, advised all eligible Nigerians to obtain their Permanent Voter Cards (PVCs) to enable them to elect public officers of their choice.
The News Agency of Nigeria (NAN) reports that the president was received by well-wishers, party supporters, and other Nigerians.
His jet landed at the Nnamdi Azikiwe International Airport, Abuja, at about 6.38 p.m.
Those at the airport to welcome the president included Gov. Yahaya Bello of Kogi, Service Chiefs, Minister of the Federal Capital Territory, Malam Musa Bello and Secretary to the Government of the Federation Boss Mustapha.Others were the Chief of Staff to the President, Abba Kyari, the Acting Chairman, Economic and Financial Crimes Commission, Ibrahim magu and members of the presidential media team.
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