Posts

Showing posts from April 29, 2019

INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

BUHARI’S ADMINISTRATION WILL RENEW FOCUS ON HUMAN CAPITAL DEVELOPMENT AND INFRASTRUCTURE - VP OSINBAJO AT THE GOVERNOR'S FORUM YESTERDAY.{PHOTOS}.#PRESS RELEASE.

Image
      “Your Excellencies, these principles remain the President’s firm commitments to the States. In the next four years, Mr. President has made it clear that we will be focusing our attention on human capital development and physical infrastructure. We will be working with the States on education, especially the education of girls, and we have begun some deep diving in this respect with our HDI work at the National Economic Council.” - Osinbajo REMARKS BY HIS EXCELLENCY, PROF. YEMI OSINBAJO, SAN, GCON, AT THE INDUCTION OF NEW AND RETURNING GOVERNORS AT THE BANQUET HALL, STATE HOUSE ABUJA, ON THE 29TH OF APRIL, 2019. PROTOCOLS It is a great honour to be here at this induction of the freshly elected Governors of States. First, please accept my heartfelt congratulations on your election victories. I reiterate that my congratulations are heartfelt, even to the PDP governors who are present here and all the governors from other parties. We elected executive officials belong to an