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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LAGOS BUILDINGS TO UNDERGO INTEGRITY TEST.#PRESS RELEASE.

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     The Lagos State Government has disclosed that integrity tests on buildings suspected to be structurally defective will soon commence to safeguard the lives and property of occupants residing within such premises.
Speaking at the site of a distressed and water-soaked, two-storey building on Owoseni Street, Ikate – Surulere, the Acting General Manager, Lagos State Materials Testing Laboratory (LSMTL) - Engr. Olalekan Ajani warned developers who construct buildings with inferior quality materials to desist from such unethical practices.
Ajani hinted that LSMTL would identify all distressed buildings, serve the property owners with notices and conduct tests to ascertain the structural integrity of such houses.
He advised occupants of such buildings to vacate their premises due to the effect of the persistent rainfall on its structural members and implored developers to insist on quality and standard materials for housing construction.
The Acting General Manager also encouraged property owners to carry out necessary quality assurance tests to ascertain the integrity of all materials ranging from water used in mixing cement and concrete, iron rods, fine aggregate, coarse aggregate, cement, wood, etc.He urged Lagosians to be their brother's keeper and not wait for disaster to happen before calling on relevant agencies of government to alert them on any impending danger.
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