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

LASG,NETHERLANDS TO COLLABORATE ON HEALTH,EDUCATION,WATER TRANSPORTATION.{PHOTOS}.#PRESS RELEASE

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     Lagos State Governor, Mr. Babajide Sanwo-Olu has reiterated his administration's commitment to collaborate with Netherlands on health, Education, technology, trade, tourism and infrastructure.
Governor Sanwo-Olu stated this while playing host to the team led by Netherlands Minister for Foreign Trade, Development and Cooperation, Mrs Sigrid Kaag who paid him a courtesy visit in his office in Alausa, Ikeja, Lagos.
According to Governor Sanwo-Olu, there are investment opportunities in Lagos, adding that the state is home to all, emphasising that the environment is friendly for foreign investors.
The Governor thanked the team for the visit, and explained that Netherlands and Lagos share certain similar features such their locations below the sea level and technology which he said would assist in the bilateral arrangements to be discussed.
He explained the reclamation effort at Eko Atlantic City when he said "You know there is a new development being done at Eko Atlantic City. That is a city that is risen on top of water. It is actually an engineering that we are really proud of.
"With technology, you need to sand fill a lot of the place there, it went 12 meters down and has a height of about 9 meters up and that is twice the size of Victoria Island, we poured 10million cubic of sand to stabilize. It's actually an engineering that we are really proud of," Sanwo-Olu added.
He also lauded the efforts of Netherland on skill acquisition and poverty reduction programmes, which had made Lagos State foster economic relation with the country.
Sanwo-Olu said, “On education side, Netherland is very good, they develop skills a lot which reduces poverty hence our aim of partnering with you is to ensure that poverty is reduced by 2030. That is our goal"
He praised the current collaboration with the Dutch government in various areas including the new Lagos State Health Insurance Scheme saying a lot is going on to boost the health sector as his administration is poised to give people quality access to health.
"We have just launched early in the year our health insurance scheme which is taking-off well. We also realised that we must tackle all issues of health and its quality delivery at early stages," Sanwo-Olu stated.
On water transportation, Governor Sanwo-Olu noted the state is working hard on taking enough space in the waters for dredging to ensure safety when full blown aquatic traffic begins.
According to him, "We are doing a lot of reclamation to safeguard water safety, water transportation. I think these are some of the things we are dealing with to upscale our transport system.
"What I am trying to present is total transportation in all but for available resources. Water transportation is for us and of course, we need to complete our rail projects too so that we can have easy movement of our people from one part of the city to the other," he added.
Earlier, the Netherlands Minister for Foreign Trade, Development and Cooperation, Mrs Kaag congratulated the Governor on his emergence praising his work ethic since assumption of office.
According to Kaag, "From what I have heard so far, you are tremendous in your attitude, hence what the people who elected you saw and chose you as the governor of the 5th largest economy in African continent is not in doubt."
She expressed willingness to collaborate with the current administration to achieve the desired result in areas including maritime, health, education and technology adding that Lagos and indeed Nigeria has the potential to shine and lead by example.More photos below.
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