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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SPORTS MINISTER INAUGURATES STEERING COMMITTEE+CHARGES MEMBERS TO UNLOCK THE POTENTIALS OF SPORTS INDUSTRY IN NIGERIA.{PHOTO}.#PRESS RELEASE.

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Image may contain: 6 people, people standing
     The Minister of Youths and Sports Development, Hon. Sunday Dare, has inaugurated a Steering Committee of the Sports Industry Working Group (SIWG), at the Moshood Abiola National Stadium, Abuja.
The Committee which is a Public Private Dialogue (PPD) platform is charged with the mandate to create effective synergy and ensure a close working relationship between the Federal Ministry of Youth and Sports Development and the Nigerian Economic Summit Group (NESG).
The Minister stated that the Steering Committee will work together to create advantageous environment and have proper policy in place to drive investments, incentives and also drive infrastructural development through sports.
He reminded the Committee that the Nigerian Sports Sector and indeed all Nigerians, look forward to the needed transformation in the Sports Industry, adding that, the whole process would bring about the foundational structure needed, to develop sports in Nigeria.
In his welcome remarks, the Permanent Secretary of the Ministry and Co- Chairman (Public Sector), Sports Industry Working Group ( SIWG), Mr. Gabriel Aduda, welcomed members of the newly inaugurated Committee, to what he termed "as another phase of sports development in Nigeria".
He stressed that the Public Private Partnership in the Sports Industry will not only address the challenges faced in sports but will also, make Nigeria compete favourably and globally.
The Co-chairman (Private Sector) of the Steering Committee, ( SIWG), Mr Ufot Udeme, in his speech, affirmed that indeed the Ministry and the Nigerian Economic Summit Group was making history, as both Public And Private Sectors team up to turn the Sports Industry economically for national growth and development.
He also promised that the Private Sector was committed to playing its own part in Sports Industrialisation Agenda through investments into key infrastructure that would trigger the development of the ancillary sector of the industry, stressing that streams of revenue, job creation and socio- economic development attained through sports in any country, would be achieved.
Mr. Ufot believes that the event would metamorphose into a retreat session in order to achieve fruitful and robust discussions to chart a way forward to the next level of national aspirations for sports development.
The event was graced by the Directorate Cadre from the Ministry and Members of the Nigerian Economic Summit Group ( NESG).
Olatunji John
Information Officer
For: Director, Press.
Image may contain: 6 people, people standing

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