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

RECESS: HOUSE ACTIVITIES NOT TOTALLY SHUT DOWN,SAYS GBAJABIAMILA.{PHOTOS}.#PRESS RELEASE.

 

   Recess: House activities not totally shut down, says Gbajabiamila

  …says oversight function still ongoing

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has corrected the impression that the House totally shut down its activities during its six weeks annual recess.
According to Gbajabiamila, the leadership of the House decided to suspend pubic and investigative hearings for the three weeks remaining of the annual recess to put in place more measures in view of the COVID-19 pandemic.
He disclosed that House’s oversight functions of government Ministries, Departments and Agencies (MDAs) are still ongoing.
While answering questions from reporters after a meeting of All Progressives Congress (APC) conveyed by President Muhammadu Buhari at the State House on Monday, Gbajabiamila explained that the House has not breached any law or known convention by embarking on an annual recess, while recalling that members were working during the recess until when it became imperative to suspend the public hearings.
“First of all, whatever form of democracy you practise around the world, there's always an annual recess; we are not reinventing anything. Recess has only one meaning: it's either you are on recess or you are working.
“I've been in the National Assembly, I've never known of a situation, and I'm yet to be proven wrong where, when on an annual summer recess, members are working, conducting public hearings, doing investigations.
"I'm not talking about other recess, it's a different thing when you close plenary and committees are still working, there's a big difference. But in the summer, we go on an annual recess,” he said.
Gbajabiamila however noted that the House was not insensitive to the realities of the coronavirus pandemic that disrupted activities globally, which was responsible for the continuation of legislative activities well into its annual recess.
While noting that the House has always conducted its responsibility with utmost dedication, Gbajabiamila said, “You can see that some members are actually on the road right now doing their work, that's a different kind of oversight.
“Members are actually out working and that hasn't stopped, except for public and investigative hearings.
“Now, because there's COVID-19 and people are forced to adhere, it's no excuse to continue to work the way we used to.
“For the Civil Society talking about why the House is going on recess, well, we are always happy to look at advanced democracies, whether it's Germany, United States, United Kingdom; we are always happy to compare the Nigerian Legislature to those places.
“As I speak to you, the United States Congress is on annual recess. You won't hear of legislative hearing or any public hearing.
“Just last week, the Speaker of the House of Representatives of the US Congress had to call her members back through a zoom conference because of the issue of US.... and the impending elections. But right now they are back in their constituencies. That is the way it is done the world over.
“Secondly, back home in Nigeria, the judiciary is on its annual recess, but you will not say because there's a corruption case, you will find one court opening and sitting and hearing one corruption case. No, they have one or two courts that are open for administrative purposes, but they are on recess.
“And recess is only two to three weeks to go and then work continues as usual.
“To take a clearer picture, we are only doing what is in keeping with all that has been done since I got to the House.
“There might be one or two issues where there's an exception. In fact, the first time ever when the House had to recall itself was some years ago, when Tambuwal was the Speaker. There was an oil crisis in the summer and we reconvened the House on a Sunday because of the urgency of that moment”.
Signed:
Lanre Lasisi, Special Adviser on Media and Publicity to the Speaker, House of Representatives, Federal Republic of Nigeria.


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