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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LASG TO COMMENCE ISSUANCE OF LICENSE,PERMIT FOR BOREHOLE DRILLING IN 2020.{PHOTOS}.#PRESS RELEASE.

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       Lagos State Water Regulatory Commission is to commence issuance of licenses and permits for water abstraction in the state by first quarter of 2020.
Addressing stakeholders in the water sector, the Executive Secretary of the Commission, Mrs. Funke Femi Adepoju revealed that the exercise which is to be launched by Governor Babajide Sanwo-Olu is to regulate the process of water abstraction in the State.
“What is paramount to government is how abstraction affects us as a people not just today but the future with emphases on pollution, contamination of water bodies, saline filtration into the system, over-abstraction and unregulated abstraction”, she stated.
Adepoju affirmed that licensing is a significant process in the regulation of any industry as the Commission is determined to ensure its availability and sustainability to prevent the effect on unregulated water abstraction.
While assuring that only registered companies captured in data will be issued a 2-year renewable license with unique and personalized number, the Executive Secretary explained that the Commission was not established for a punitive purpose, but rather to establish standard in the water extraction industry in order to ensure that the health and safety of citizens are not compromised.
According to her, the essence of the engagement is to improve the relationship between stakeholders and Government by developing ways to sanitize the industry, stressing that the Commission has acquired mobile water test kits which are to be used in testing samples during operation and that approval for the acquisition of a standard laboratory for water testing is on the way.
The meeting was attended by members of the Manufacturers Association of Nigeria (MAN), Nigeria Employers Consultative Association (NECA), Financial Institutions, Association of Table Water Producers (ATWAP) and Association of Water Well Drilling Rig Owners Operators among others.One more photo below.

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