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 NOMINATES PROF YAKUBU AS INEC CHAIRMAN FOR SECOND TERM IN OFFICE.{PHOTOS}.#PRESS RELEASE.

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President Muhammadu Buhari has presented the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, for a second term in office.
In a letter to President of the Senate, Ahmad Ibrahim Lawan, the President said in accordance with the provision of Section 154 (1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), “I am pleased to present for confirmation by the Senate, the nomination of Professor Mahmood Yakubu for appointment as Chairman, Independent National Electoral Commission (INEC) for a second and final term.”
Prof Yakubu was first appointed by President Buhari in November 2015.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
October 27, 2020.



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