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Showing posts from December 10, 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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CONFERENCE OF SPEAKER SETS UP RECONCILIATORY,FACT-FINDING COMMITTEE TO INTERVENE ON ASSEMBLIES CRISES. {PHOTO}.#PRESS RELEASE.

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     The Conference of Speakers of State Legislatures of Nigeria has set up a reconciliatory cum fact-finding committee to intervene and amicably resolve the crises in some state Houses of Assembly in the country. This was part of the decision reached at the end of the 3rd Quarter General Meeting of the Conference which took place between 7 and 8 December, 2018 in Maiduguri, ca pital of Borno State. Reading the communique after the end of the meeting on Sunday morning, the Chairman of the Conference and Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, the Conference stated that its intervention hinged on the need "to not only ensure amicable resolution of the crises, but also to ensure good governance". Rt. Hon. Obasa stated further that the Conference also cautioned the Judiciary especially the lower courts to exercise caution by not interfering with constitutionally assigned roles already undertaken by the Legislature but should wait until
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AMBODE READS RIOT ACT TO TRAFFIC OFFENDERS,ORDERS STRICT ENFORCEMENT.{PHOTOS}.#PRESS RELEASE.

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      Lagos State Governor, Mr Akinwunmi Ambode on Sunday ordered the Lagos State Traffic Management Authority (LASTMA) and all the relevant security agencies to henceforth strictly enforce the provisions of the State traffic laws to bring about sanity on the roads. The Governor has also ordered the State Attorney General and the Ministry of Justice to immediately increase the number of Mobile Court in the State to twenty to summarily prosecute traffic offenders to serve as deterrent to others who might want to indulge in the violation of traffic laws. Speaking to reporters after a strategic session with LASTMA leadership and heads of other security agencies in the State at LASTMA head office in Oshodi to address the traffic situation and the unfortunate killing of a LASTMA officer last week, Governor Ambode said the State Government would not fold its arms and allow the violation of the laws, hence the decision to order enforcement of the laws with immediate effect. “For L
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