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

VP OSINBAJO TO PARTICIPATE IN NORDIC-AFRICAN BUSINESS SUMMIT IN OSLO.{PHOTO}.#PRESS RELEASE.

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    OFFICE OF THE VICE PRESIDENT
PRESS RELEASE
VP OSINBAJO TO PARTICIPATE IN NORDIC-AFRICAN BUSINESS SUMMIT IN OSLO
*To hold bilateral meeting with Prime Minister of Norway
In pursuit of the Buhari administration’s Economic Recovery and Growth Plan, ERGP, especially regarding the active mobilization of foreign investment, Vice President Yemi Osinbajo, SAN, will be honouring a personal invitation of the Prime Minister of Norway, Erna Solberg, to attend the Nordic-African Business Summit in Oslo this week.
The invitation is a long standing one and the event, holding from Monday to Wednesday, is being organized to give particular prominence to trade and investment ties between Africa and the Nordic countries of Denmark, Finland, Iceland, Norway and Sweden.
The summit will attract the largest Nordic companies doing business or interested in doing business in Nigeria, with interests in agriculture, light manufacturing, transportation, digital technology and entertainment, oil and gas, and renewable energy.
Specifically, Prof. Osinbajo would, among other critical issues, be speaking on the strides made by the Buhari administration in improving the economy and human capital development.
The Vice President will also headline a specific Nigeria-focused investment roundtable, which is expected to lead to increased trade and investment into Nigeria by building confidence about business prospects in the country and its role as an economic gateway into Africa.
There will also be a high-level plenary session at the summit to be attended by Crown Prince Haakon of Norway, featuring the Nigerian VP, Deputy President of South Africa, David Mabuza, and other global business and government leaders. That plenary session would be moderated by Financial Times editor, David Pilling.
Also, while in Oslo, the Vice President would hold a bilateral meeting with the Prime Minister to discuss issues of mutual interest to both countries, including bilateral cooperation, especially trade and private sector investments, as well as regional and multilateral issues of mutual concern.
In extending its invitation to the Vice President, the Norwegian government noted that Nigeria’s participation in the summit would contribute considerably to its success, as the country “plays a crucial regional leadership role and has the largest economy in Africa.”
The Vice President, who had earlier this afternoon attended the Extraordinary Federal Executive Council meeting at the Presidential Villa, leaves Abuja later today and is expected back on Thursday.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
7th October, 2019.
No photo description available.

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