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

WHY WE ARE CELEBRATING DEMOCRACY DAY ON JUNE 12-OSINBAJO.#PRESS RELEASE.

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     The Federal Government’s decision to celebrate Democracy Day on June 12 henceforth attest to the Buhari administration’s commitment to progressive ideals, especially as it relates to the political history of the country.
Vice President Yemi Osinbajo, SAN, gave the hint Tuesday when he received at the Presidential Villa, Mr Aristobulo Isturiz, the Vice President of Venezuela, who is leading the country’s delegation to Nigeria’s Democracy Day celebration.
Vice President Isturiz is among world leaders at the head of their countries’ delegation attending Nigeria’s 2019 Democracy Day activities in Abuja.
Explaining that the Buhari administration believes in resolving some of the issues around the annulled June 12 1993 presidential election, the Vice President added that “One of the principal issues, politically, was the recognition of that election in 1993 which was won by, now late, Chief MKO Abiola, an important progressive opposition leader. That is why we are celebrating June 12 as our new Democracy Day. So, we are really very happy that you are able to share with us a very special event – the celebration of our new democracy day.”
On deepening ties between Nigeria and Venezuela, Prof. Osinbajo said “we believe that the collaboration between our countries in the economy, culture and science, amongst others, will be useful to our people. We need to do a lot as there are many areas for potential cooperation including in agriculture, oil and gas and mining.”
On his part, Vice President Aristobulo Isturiz spoke on the need for improved cooperation between both countries including under the auspices of the non-aligned movement, describing Nigeria as an important mobiliser on the African continent.
In the same vein, Prof. Osinbajo, in another similar meeting with the Vice Premier of North Korea, Mr Ri Ryong Nam, said the potentials for an enhanced cooperation between both countries were enormous.
According to Prof. Osinbajo, “I agree that we can work out a more dynamic model of cooperation, especially in agriculture and technology.”
“Food processing is one major area that we can look into. I hope we will be able to advance discussions on cooperation in the identified areas, and there are many other areas where we can deepen this cooperation.”
Vice Premier Ri Ryong Nam congratulated Nigeria on the occasion of the country’s Democracy Day celebration.
He said DPRK acknowledged the efforts of the Federal Government under President Buhari to improve the economy and ensure socio-economic stability.
According to Mr Ryong Nam, “I am moved by the efforts made by your government to ensure social stability and unity. Your country has also achieved eye-catching successes, through reforms, in the economy, making Nigeria a leading economy in the region.”
Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
June 11, 2019
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