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 CONSOLES WITH FAMILIES, VICTIMS OF EXPLOSION IN ABULE ADO.{PHOTOS}.#PRESS RELEASE.

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      President Muhammadu Buhari commiserates with families who lost loved ones, and all those affected by explosion in Abule Ado, Amuwo Odofin Local Government Area of Lagos State, on Sunday.
The President condoles with the Lagos State government and all residents affected by the unfortunate incident, which left many injured and destroyed property.
President Buhari said:
"I have received with sadness the news of this unfortunate incident which caused loss of lives and property.
"A misfortune of whatever scale anywhere is a tragedy to the country, and while the NNPC makes efforts to determine the cause of the incident, I send my deepest and profound sympathises to the victims, their families, government and people of Lagos State."
Garba Shehu
Senior Special Assistant to the President
(Media and Publicity)
March 15, 2020.
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