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

PRESIDENT BUHARI INAUGURATED THE PRESIDENTIAL IMPLEMENTATION COMMITTEE ON AUTONOMY OF THE STATE LEGISLATURE & STATE JUDICIARY TODAY.READ HIS SPEECH.{PHOTOS}.#PRESS RELEASE.

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     REMARKS OF HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT THE INAUGURATION OF THE PRESIDENTIAL IMPLEMENTATION COMMITTEE ON AUTONOMY OF THE STATE LEGISLATURE AND STATE JUDICIARY HELD AT THE STATE HOUSE ABUJA ON 22ND MARCH 2019
Ladies and Gentlemen,
I am delighted to welcome you all to the formal inauguration of the ‘Presidential Implementation Committee on Autonomy of the State Legislature and State Judiciary’. The setting up of this Committee is necessitated by the realization that Legislative and Judicial autonomy are necessary pre-conditions for our democracy to endure.
2. We are committed to strengthening our democracy by ensuring separation of powers among the three arms of Nigerian Government, even at the State levels. Furthermore, we have identified the need to sustain our constitutionally guaranteed Federal system of government by building capabilities not only at the Federal level but at all the Federating Units.
3. This Committee has therefore been set-up, as a major reform of this administration, to ensure that the autonomy granted to the legislature and judiciary at the State levels is maintained, pursuant to Section 161 of the 4th Alteration to the 1999 Constitution (As Amended).
4. The Committee is thus expected to foster effective implementation of the autonomy constitutionally granted the State Legislature and Judiciary under the 1999 Constitution (as amended). It is my hope that when this is done, there will be proper checks and balances, and the State Legislature and Judiciary shall be genuinely empowered to carry out their respective Constitutional duties without fear of dominance and or marginalization.
5. The Legislature, being the closest arm of government to the people, and the Judiciary as the last hope of the common man, must both be seen to be sufficiently independent to perform their respective constitutional roles without any interference, let or hindrance. In this regard, ensuring that these organs of government enjoy financial autonomy will further enhance their efficiency and independence.
6. In executing this important national assignment, the Committee, as constituted, is expected to cooperate with all relevant stakeholders to ensure compliance with the Constitutional provisions granting autonomy to State Legislature and Judiciary, without deviating from its approved Terms of Reference which are as follows:
a) To assess and review the level of compliance by all the 36 States of the Federation and the FCT with Section 121(3) of the 1999 Constitution (As Amended);
b) To monitor, ensure and cause the implementation of Financial Autonomy across the Judiciary and Legislature of the 36 States of the Federation and the FCT in accordance with the provisions of the 1999 Constitution (As Amended) and other applicable Laws, Instruments, Regulations, and Conventions howsoever providing for financial autonomy for the Legislature and Judiciary at the State tier of Government;
c) To consult and relate with the appropriate Federal and State MDAs, including but not limited to the Governors Forum, Accountant General of the Federation and those of the States, the National Economic Council and other institutions of State to ensure and where necessary, enforce the implementation of Constitutional provisions;
d) To come up with appropriate modalities or model to be adopted by all the States of the Federation for implementation and/or compliance with Section 121(3) of the 1999 Constitution (As Amended);
e) To advice on other measures that are deemed necessary or incidental to the fulfilment of the aims of the Committee to attain the full purport of this assignment.
7. The Committee as constituted is chaired by the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, with the Senior Special Assistant to the President on National Assembly Matters, Senator Ita Enang, as Secretary. The Committee is expected to complete its deliberations and submit its report and recommendations within three (3) months from today.
8. It is now my pleasure to formally inaugurate the Presidential Implementation Committee on Autonomy of State Legislature and State Judiciary. I urge members of the Committee to be meticulous and diligent in the discharge of their duties and to ensure compliance with their approved Terms of Reference. I wish members of this Committee success in the discharge of their responsibilities.
8. Thank you all, and may God bless the Federal Republic of Nigeria..
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