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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PRESIDENT BUHARI COMMISSIONS THE UNIVERSITY OF TRANSPORT IN DAURA TODAY.{PHOTOS}.#PRESS RELEASE.

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     President Buhari performs Ground Breaking Ceremony of the University of Transportation in Daura and commissions road by Katsina State Government on 2nd Dec 2019
UTDaura 2: President Buhari with L-R: Kano State Governor Abdullahi Umar Ganduje, Katsina State Governor Aminu Bello Masari, Minister of Transportation Rotimi Amaechi, Ambassador of China to Nigeria Dr Zhou Pingjian and MD CCECC Nig. Ltd. Mr Jiang Yigao shortly after performing Ground Breaking Ceremony of the University of Transportation in Daura on 2nd Dec 2019
Katsina Road 2: President Buhari with Katsina State Governor Aminu Bello Masari, Katsina State Deputy Governor Alh. Manir Yakubu and other dignitaries at the commissioning of Randa Doguru-Gallu Kwanar-Gwanti-Shargalle road built by Katsina State Government on 2nd Dec 2019.

PRESIDENT BUHARI SAYS FIRST TRANSPORT UNIVERSITY IN AFRICA WILL LEAD INNOVATION, ENHANCE CAPACITY
President Muhammadu Buhari Monday in Daura, Katsina State, said University of Transportation, which will be the first in Africa, will provide technical skills, enhance managerial capacity and pave way for innovation in Nigeria’s transport system, while creating more job opportunities.
Speaking at ground-breaking ceremony of the pioneer University of Transportation in Daura, President Buhari noted that the transport sector was in dire need of new thinking, skills and investment, assuring that the university will open up opportunities for economic growth.
“The project is part of the ongoing effort of the Federal Government towards promotion and development of indigenous capacity through technology acquisition and knowledge transfer to effectively maintain and operate numerous railway infrastructure,’’ he said.
The President said the policy on development of indigenous capacity will be vigorously pursued by the government.
“When established the university would among other things pave way for domestication of railway engineering and general transportation sciences in Nigeria thereby bridging the technology and skill gap in the railway and ultimately transportation sector,’’ he added.
President Buhari said the university, which is an investment by China Civil Engineering Construction Company (CCECC), will be fully supported by the Federal Government with guidelines to ensure domestication that will support local infrastructure.
While commending the Katsina State government for speedily providing land for the university, and the Ministry of Transportation for the initiative, the President said his administration will continue to prioritize railway transportation that will reduce cost of transportation and ease movement.
In his remarks, Governor Aminu Bello Masari of Katsina State said the university will further boost the efforts of the state in providing sound education and technical skills to indigenes of the state.
The governor said the infrastructure of the state had been improved with the construction of many roads, adding that the university will provide requisite technical and managerial skills.
The Minister of Transportation, Rotimi Amaechi, said the siting the university in Daura will encourage cultural exchange as well as fill the gap in technical and managerial skills for the transport sector.
“The decision to bring this university to Daura was purely mine,’’ he added.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
December 2, 2019.
More photos below.
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