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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GOVERNOR IHEDIOHA SWEARS-IN NEW ECONOMIC ADVISER.[PHOTO}.

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      On Monday, His Excellency, Governor Emeka Ihedioha, swore-in Dr Abraham Nwankwo as the Chief Economic Adviser to the State.
Dr Abraham Nwankwo before his appointment served as the the Director-General of Nigeria's Debt Management from 2007. He joined the agency as an Assistant Director in 2001.
Dr. Abraham Nwankwo holds a Ph.D degree in Economics from the University of Nigeria Nsukka, where he also obtained his Bachelors and Masters degrees in the same discipline. He was the first PhD graduate in Economics produced by the University of Nigeria Nsukka, 25 years after the institution was established.
After a few years of lecturing at the same University, Dr Nwankwo enjoyed a versatile career in banking and finance where he rose to top management positions.
Dr. Abraham Nwankwo veered into public service in 2001 when he joined Nigeria's Debt Management Office. In 2007 he became the Director-General of the agency.
As the DG of Nigeria's Debt Management Office, Dr Abraham Nwankwo conducted a Debt Sustainability Analysis of every State to determine whether or not to approve each request for new borrowing. The analysis led to a significant reduction and mitigation of risk of over-borrowing by the States.
Dr Abraham Nwankwo has also been on the Board of the World Bank, where he served as the Senior Advisor to the Executive Director (Africa II Constituency).
Dr Abraham Nwankwo is the author of over 5 books, which includes his 2011 Economics classic -- Stable Growth and Foreign Exchange.
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