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

LASPARK REGENERATES DEGRADED AREAS IN IKOYI,VICTORIA ISLAND.{PHOTO}.#PRESS RELEASE.

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     To complement the ongoing clean-up exercise by the State Government in Ikoyi and Victoria Island, the Lagos State Parks and Gardens Agency (LASPARK) has commenced the regeneration of degraded areas in the axis.
A statement issued by the General Manager of the Agency, Mrs. Adetoun Popoola, affirmed that the recovered areas will be secured by LASPARK for greening and protected against future abuse.
She disclosed that in pursuance of sustainable development, it is expedient that a greening structure is established which, according to her, will contribute greatly to the social and economic development of the State.
Speaking on the LASPARK’s plan for the sanitisation exercise, Popoola disclosed that degraded areas within the axis have been mapped out while the Agency will deploy appropriate resources for their regeneration and beautification.
“This project is going to set the pace for other areas that require regeneration across the State”, she declared.
She acknowledged that the Agency has consistently sensitised the public on the distasteful act of illegal conversion of open spaces, roadsides, walkways and laybys for various purposes as they are inimical to the advancement of the State’s greening efforts to combat an unhealthy and unsafe environment for Lagos State residents.
While imploring corporate organisations to partner with the Agency for possible adoption and beautification of these areas, Popoola stated that a collaborative and strategic effort with private organisations will complement the government’s efforts on greening.
The General Manager maintained that the Lagos State Government remains committed to salvaging the environment from degradation as well as developing and protecting it towards bequeathing a cleaner, greener and healthier environment to the citizens and residents of Lagos State.
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