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 DIRECTS NEMA TO DECLARE “NATIONAL DISASTER’’ ON FLOODING.#STATE HOUSE PRESS RELEASE.

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      President Muhammadu Buhari has delegated authority to the Director General of the National Emergency Management Agency, NEMA, Mustapha Maihaja, to declare a “national disaster’’ in the event that anticipated flooding turns a reality in parts of the country.
The President’s directive follows a warning by the Nigeria Hydrological Services Agency that Rivers Benue and Niger had almost reached levels that resulted in flooding in 2012, which led to lost of lives and destruction of property. A letter to the Director of General of NEMA titled: “Situation Report on the River Flood Along the Banks of Rivers Benue and Niger’’, which was signed by the Chief of Staff to the President, Abba Kyari, said: “Delegation of authority to the Director General of NEMA to activate the Disaster Response Units of the military for possible search and rescue missions, and
“The procurement and proportionate stocking of relief materials and health related items up to N3billion to provide for the needs of possible victims.’’ The letter also instructed the head of the emergency agency to provide regular updates to the President.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)   
September 14, 2018
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