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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LASG PAYS OVER N16M BENEFITS TO LSSC RETIREES.#PRESS RELEASE.

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No photo description available.
      Lagos State Government has again redeemed its promise to some of its retired officers with the payment of benefits worth over N61 million to the retirees of the defunct Lagos State Sports Council, now renamed Lagos State Sports Commission, LSSC, from 2015 to date.
Speaking during the presentation of bond certificates to the beneficiaries at the Commission's office in Teslim Balogun Stadium, Surulere, Dr. Kweku Adedayo Tandoh, Chairman of LSSC, stated that the Commission is the first agency to pay its retirees from the year 2015.
The Chairman commended Governor Ambode for approving the Commission's requests for the payment of retirement benefits to the beneficiaries, adding that the gesture once again proves that the State government is concerned about the welfare of its workers.
While congratulating the retirees for being alive to receive their entitlements from the State Government, Tandoh advised them to adhere strictly to the guidelines for accessing their retirement benefits through the Lagos State Pensions Commission, LASPEC.
He assured retirees still awaiting their retirement benefits that the State government is working assiduoudly to ensure that all its retired workers receive their benefits as and when due.
Also speaking at the event, the Director-General, Lagos State Pension Commission (LASPEC), Mrs. Folasade Onanuga, who was represented by Mr. Oyebo Afeez, said that the present administration will not deny those who had served the State meritoriously their retirement benefits.
She attributed the approval for the payment of the retirees' benefits to the relentless efforts of the Lagos State Sports Commission as well as the Pensions Commission who diligently and patiently followed the different stages involved in the approval processes.
In appreciation of the gesture, beneficiaries applauded Lagos State government for its commitment to the welfare of retirees as well as serving officers.      

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