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 RECEIVES REPORT OF THE PRESIDENTIAL COMMITTEE ON THE ELIMINATION OF DRUG ABUSE.{PHOTOS}.#PRESS RELEASE.

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     CAPTIONS
Pic 1. President Muhammadu Buhari receiving the report of the Presidential Advisory Committee on the Elimination of Drug Abuse from the Chairman of the Committee retired Brig.-Gen Buba Marwa at the Presidential Villa in Abuja on Friday (18/10/2019)
Pic 2. From left: President Muhammadu Buhari; First Lady, Dr Aisha Buhari; Wife of the Vice President, Mrs Dolapo Osinbajo and Chairman, Presidential Advisory Committee on the Elimination of Drug Abuse, retired Brig.-Gen Buba Marwa during the presentation of the report of the Presidential Advisory Committee on the Elimination of Drug Abuse to the President at the Presidential Villa in Abuja on Friday (18/10/2019).

PRESS RELEASE:
President Muhammadu Buhari says winning the war against drug abuse remains one of the critical elements of the Next Level mandate of this administration.
Receiving the report of the Presidential Advisory Committee on the Elimination of Drug Abuse, PACEDA, Friday in the State House, President Buhari reiterated the commitment of government to the welfare of the citizenry by fighting the scourge of drug abuse.
“Winning the war becomes one of the critical elements of the Next Level mandate of this administration. As a government, we have the responsibility to ensure the security and well-being of our people.
“Our findings have shown that it is more difficult to bring down crime rate to acceptable levels without clearing our country of substances abuse,” the President said.
President Buhari, however, realising the enormity of the menace, solicited for cooperation of all and sundry. He called on all well-meaning Nigerians and international partners to join hands with relevant government agencies in the fight against drug abuse.
While thanking the committee for its timely and diligent prosecution of the assignment, the President assured that the matter was of utmost importance, and the report would be studied along with the recommendations.
Earlier, the Chairman of the committee, Brigadier General Buba Marwa (retd) had told the President that since the committee was inaugurated in December, 2018, it interfaced with a wide spectrum of stakeholders including Ministries, Departments and Agencies, Non-Governmental organisations, Civil Society Organisations, Faith-based Organisations, professional bodies, international partners and members of drug user communities with their parents, teachers and care givers.
He added that the assignment, which took members to all the geopolitical zones of the country, confirmed the fears of President Buhari that Nigeria had a very strong drug problem that needed to be tackled as a national emergency.
He, however, said the key to tackling the menace is a formal launch of a War Against Drug Abuse (WADA) as part of declaration of a state of emergency on the menace as well as the establishment of a National Drug Control Commission.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
October 18, 2019.
More photos below.
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