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 IN NEED OF CONSTRUCTION TECHNOLOGIES FOR EFFECTIVE LAND MANAGEMENT-SANWO-OLU.#PRESS RELEASE.

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     The Governor of Lagos State, Mr. Babajide Sanwo-Olu has called on experts in the construction industry to deploy digital construction technology to assist in the management of land in the State.
The call was contained in a keynote address delivered on his behalf by the Special Adviser, Works and Infrastructure, Engr. Aramide Adeyoye at the “2019 West Africa Digital Construction Conference”, held recently at Radisson Blu Hotel, Ikeja Lagos.
He said “Lagos State has a size of 3,577 square kilometres and an estimated population in excess of 20 million people. It is in dire need of construction technologies that will help in effective land management in such a way that we will not compromise the interest of future generations with regards to access to land for development”.
Sanwo-Olu reiterated the commitment of the present administration to investing in digital construction technology, noting that it was crucial to achieving the smart city dream of this administration.
He averred that one of the major challenges faced by megacities of the world is the provision of adequate socio-economic infrastructure to meet the needs of the growing population, maintaining that a lot of digital transformations are required for optimal utilisation of the scarce resources.
The Governor commended the organisers of the conference for their efforts at developing human capacity to drive digital transformation and processes that would develop skilled professionals for the 21st-century technological advancement as well as improve the engineering and construction sector in Africa.
In his opinion, the resultant digital capability will go a long way to take construction project delivery and operations to new frontiers of efficiency, increased productivity, better collaboration, and timely completion of projects within the specified budget.
Earlier in his welcome address, Chairman of the occasion, Dr. Zulfikilcar Adamu said the conference became necessary as it was aimed at using new digital technologies to solve traditional problems in the construction industry.
Adamu declared that, as the world is becoming a global village, there is the need to do away with the local and old method of designs in the built industry and move towards digital technology which, he said, would transform all aspects of construction to meet global international best practices.
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