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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GOV. ORTOM CONFIRMS RECEIPT OF N14.9B PARIS CLUB REFUND.#PRESS RELEASE.

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    Benue State Governor, Samuel Ortom has confirmed receipt of N14.9 billion final tranche of the Paris Club refund from the Federal Government.

Governor Ortom says 80% of the funds will be used for payment of salaries, pensions and gratuities.
The Governor has therefore set up a committee headed by the Deputy Governor, Engineer Benson Abounu to work out modalities for immediate disbursement of the funds.
Also on the committee are the Head of Service, Finance Commissioner, Adviser on Local Government and Chieftaincy Affairs, Adviser on Labour Matters, Chairmen of Nigerian Labour Congress, Trade Union Congress and Nigerian Union of Pensioners, Benue State chapters.
The decision of Governor Ortom to involve key stakeholders in disbursement of the Paris Club refund is in line with his policy of transparency and accountability.
It will be recalled that the Governor similarly made public the receipt and disbursement of the N12.7 billion first tranche and N6.4 billion second tranche of the Paris Club refunds respectively.
Terver Akase
Chief Press Secretary
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