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

OBASANJO IS NIGERIA’S DIVIDER-IN-CHIEF-PRESIDENCY.{PHOTO}.#PRESS RELEASE.

 

       In his most recent statement former President Olusegun Obasanjo attempts to divide the nation while President Muhammadu Buhari continues to promote nation building and the unity of Nigeria.

The difference is clear. From the lofty heights of Commander-in-Chief, General Obasanjo has descended to the lowly level of Divider-in-Chief (to adapt the coinage of Time).
Before responding further to the unfair attacks on President Buhari and his administration by the former President, it is important that we categorically state that contrary to the assertions by a few analysts, the recent speech in which President Buhari advised West African Presidents against tenure elongation beyond constitutional limits has been consistent with his long held views on the need to adhere to the rule of law.
Even though he tried it and failed, the recent uptick in the number of such leaders proposing to do, or actually carrying on in office beyond term limits is sufficient to cause concern among democrats in the sub-region given its prospects of destabilizing the states and the region.
President Buhari’s advocacy is consistent with his principles and in line with the current policies of his administration and indeed that of the ECOWAS Charter which is that term limits must be respected and that the change of government is only permissible through the ballot box.
Having cleared this misperception, we hope that Chief Obasanjo would once again sheath the sword and rest the pretentiousness about the Messiah that has (mis)led him to pronounce often wrongly, as he disastrously did in the 2019 elections, about the life and death of Nigerian governments.
As some commentators are already suggesting, Chief Obasanjo should, in accordance with his mantra as a statesman, get involved with problems solving, when and where they exist instead of helping the mushrooming of a poisonous atmosphere of ethnic and religious nationalism.
Surely, he must have disappointed many of his local and foreign admirers by showering commendations on a few extremist groups who have vowed to shun the invitation to the National Assembly to participate in the process of constitutional amendment.
No doubt, he must have left those admirers confused in announcing the support for the boycott of a democratic process of changing the constitution, at the same time calling for dialogue and engagement.
The fact that the process he ushered in under his administration with the dubious intention of amendments that sought tenure elongation failed-as did two other attempts by the successor administrations of the same political party- does not in any way justify his dismissal of the exercise by the 9th Assembly as a another waste of time and resources.
To the credit of the All Progressives Congress-led 8th Assembly, the process of constitutional amendment was kickstarted and carried through, paving the way for, among other benefits, the financial independence of local government councils, States Houses of Assembly and the country’s Judiciary. These changes have already been signed into laws by the President as mandated by the constitution.
The recent decisions by the administration as they relate to subsidy withdrawal, helping to plug some of the most horrendous notorious holes and release of scarce resources for the more pressing needs of the people has also not escaped the ire of the former president.
It’s a known fact that the withdrawal of subsidies had been on the wish list of the Obasanjo-led Peoples Democratic Party, PDP. They failed in achieving these measures because, one there was a shared greed. They plundered the treasury as much as anyone could in the name of either subsidy or waiver with reckless impunity.
Two, is to say it takes courage and rare statesmanship on the part of a leader to do as President Buhari to shun populism and seek the best interest of the people and the state, providing the kind of reform and development that Nigeria urgently needs.
This President has run an administration focused on infrastructure and development. He has repaired our damaged relations with neighbours and our traditional allies such as the UK, US, China, Russia, France, Germany, Saudi Arabia and the others with lots of benefits to the country.
It is a pro-business administration that has used diplomacy to unlock bilateral trade and investment.
He leads a government that has liberalized the investment climate and market access by achieving reforms that have placed the country in the list of the world’s top reforming economies.
Nigeria, which other nations had mocked and ridiculed for so many things that were wrong is today progressing at a pace reflecting its size and potential.
With so much to show and many more coming, it is little surprise that President Buhari would be the object of envy and harsh unfair challenges by politicians who failed to deliver, but continue to nurse ambitions of delighting the audience long after their curtain has been drawn.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
September 13, 2020.

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