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Showing posts from June 28, 2018

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

GOV. FAYOSE GIVES OVER 46000 PROMOTION LETTERS TO CIVIL SERVANTS IN EKITI YESTERDAY.{PHOTOS}.

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     Following the backlog of promotions denied deserving Civil servants in Ekiti state by previous administration, over 46000 civil servants in different sectors have been presented with promotion letters. These promotion letters for Civil servants have long overdue since 2015 - 2017 and was one of the stipulated promises of the Governor of Ekiti state, Dr Ayodele Fayose during his campaigns. Formal presentation of these letters was carried out yesterday in Ado Ekiti with the Governor ,Dr. Peter Ayodele Fayose available to supervise the process. Governor Ayodele Fayose who appreciated the solidarity and support of civil servants towards his administration noted that the promotion exercise is of immense value saying "it has been much awaited and is for the benefit of those hardworking civil servants that have been denied their rights for far too long". He also reiterated his commitment to ensuring that all civil servants in the state receive their entitled lett

EFCC ARRAIGNS 'POS' OPERATOR AND TWO OTHERS FOR N1.2BN FRAUD TODAY IN LAGOS.{PHOTO}

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      The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Thursday, June 28, 2018, arraigned the trio of Ifeanyi Nwaneri, Omede Silas Shehu and Monday Akor before Justice M.S. Hassan of the Federal High Court sitting in Ikoyi, Lagos State on an 11-count charge bordering on money laundering to the tune of N1, 231,105,297.80(One Billion, Two Hundred and Thirty-one Million, One Hundred and Five Thousand, Tw o Hundred and Ninety- seven Naira, Eighty Kobo). The first defendant, Nwaneri, a customer with Access Bank Plc, was alleged to have fraudulently carried out several transactions on the Point of Sales, POS, terminal enabled for international transactions/ cards, which was issued to him by the bank.At the time of his arrest, Nwaneri was said to have withdrawn a sum of N532, 929,914.91 (Five Hundred and Thirty-two Million, Nine Hundred and Twenty-nine Thousand, Nine Hundred and Fourteen Naira, Ninety-one Kobo), leaving a balance of N677, 856,826.80 (Six Hundred an

LAGOS COMMISERATES WITH FAMILIES OF VICTIMS OF TANKER EXPLOSION TODAY AT LAGOS-IBADAN EXPRESSWAY.#PRESS RELEASE.

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            The Lagos State Government has commiserated with families of victims who lost their lives and property in a fatal tanker explosion which occurred on Thursday evening on Otedola Bridge, inward Ojodu Berger area of the State. The incident, which occurred at about 5pm, left scores of vehicles burnt while some lives were lost. The Government, in a statement signed by the Commissioner for Information and Strategy, Mr. Kehinde Bamigbetan, described the incident as a sad development, saying that the incident was most unfortunate and regrettable. “On behalf of the Lagos State Government, we extend our deepest commiseration to the families of persons who lost their lives as well as properties to the incident. Our thoughts and prayers are with them in this time of pain and grief. “As a government, we would not relent in putting measures in place to ensure safety of lives and property of all residents,” Bamigbetan said. The Commissioner said that Governor Ambode h

NEC BRIEFED ON WHY FAAC MEETING DEADLOCKED & HOPES OF ITS RESUMPTION SOON.{PHOTOS}#PRESS RELEASE.

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     Members of the National Economic Council chaired by Vice President Yemi Osinbajo, SAN, were briefed today at its monthly meeting on why the recent monthly meeting of the Federation Allocation Account Committee (FAAC) was deadlocked and there is hope the meeting would reconvene soon. Below are highlights of the NEC meeting: NEC (6TH IN 2018) 89TH NEC MEETING – THURSDAY, 28TH JUNE, 2018 A. FAAC UPDATE The Honourable Minister of Finance briefed the Council on the reported deadlock of the Federation Allocation Account Committee, FAAC, which she chairs. She briefed that the issue was about NNPC remittance figures which the committee found unacceptable. She, however, assured NEC that the FAAC meeting will reconvene very soon. REPORT ON EXCESS CRUDE ACCOUNT (ECA) The Honourable Minister of Finance also reported to the Council that $80.6 million has been added to the ECA, and that the balance in the Excess Crude Account (ECA) as at June 26, 2018 stands at $1,916, 742

50 CARS BURNT,MANY PEOPLE FEARED DEAD AFTER A OIL TANKER FELL ON LAGOS-IBADAN EXPRESSWAY TODAY.{PHOTOS}.

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     The photos I just shared on my blog,are live footage from the scene of the incident which just happened about 45 minutes ago.My reporters said about 50 cars got burnt and about 200 people died as a fuel tanker fell on Lagos-Ibadan expressway,just right infront of Otedola estate,Alausa Ikeja Lagos.Hoodlums are looking for a way to Open Omole phase 2 gate,because that will be the only exit out from that road if you are coming from under or on top of the bridge.But because of the tanker,the top path of the bridge is blocked.Drivers are advised to pass through Agidingbi to Ojodu Berger to connect either to the other side of the express that is cut off.Few years ago,when election is approaching,there was a major accident that happened on that same spot,and alot of people died.Tongues are now wagging that people usually drop ritual food there,and this might be the cause of the accidents on that same spot.From the photo above,you will see the stupid oil tanker that caused the dear live