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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SOKOTO INCREASES HEALTH WORKERS’ ALLOWANCE BY 100%, SUSPENDS WATER RATES, OTHERS.{PHOTO}.

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    The Sokoto State government has increased hazard allowance for health workers in the state by 100 per cent for the months of April and May.
It also said health workers in the frontline of COVID-19 in the state would get in addition weekly allowance.
The state Commissioner for Health, Dr Ali Inamme disclosed this to newsmen after the Executive Council meeting held at the Government House.
The State Commissioner for Water Resources, Umar Bature, told newsmen that the state government had approved the suspension of water rate for the month of April and May across the state.
According to him, the decision was part of palliatives by the government to reduce the effects of lockdown order to curtail the spread of the novel coronavirus pandemic in the state.
Speaking also, the state Commissioner for Finance, Abdulsamad Dasuki hinted that the state executive council also resolved to do a downward review of the 2020 budget.
“The council has in response to the global challenges, agreed to review the budget down from the initial N292bn to N153bn,” he said.
He added that all the state tertiary institutions would henceforth be entitled to 60 per cent of their revenue while the remaining 40 per cent would be credited to the state government.
The state Commissioner for Information, Isa Galadanci also spoke.
He told newsmen that the council had revoked the contract award for the construction of the deputy governor’s official residence.
Noting that the contract was awarded at the cost of N454 million and that N245 million had been paid to the contractor, Galadanci regretted that the contractor absconded from the site for over a year with only 35 per cent completion work done.Ripples
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