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Showing posts from November 12, 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
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BUHARI-LED FG HAS DELIVERED VISIBLE RESULTS, ADDRESSING ECONOMIC GROWTH THROUGH INFRASTRUCTURE, SAYS FASHOLA.#PRESS RELEASE.

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          FEDERAL MINISTRY OF POWER, WORKS AND HOUSING PRESS RELEASE The Minister of Power, Works and Housing, Mr Babatunde Fashola SAN, Monday reviewed the activities and achievements of his Ministry in the last three years saying the President Muhammadu Buhari-led Administration has delivered visible results and recorded qualitative progress with the outcome that there was no state in Nigeria today where the Federal Government was not executing one project or the other. Briefing newsmen on his Third Year Progress Report, Fashola, who recalled his first briefing on December 8, 2015 titled “Setting the Agenda for Delivering Change” in which he stated what he inherited, what he planned to do, and what Nigerians should expect, declared that with careful thinking, planning, and a dedicated team of public officers, the Ministry now has a firm foothold on its way to the top. The Minister told the various news platforms as well as members of the public at the crowded press confer
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