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

PDP REJECTS APC'S MOVES TO STIFLE SOCIAL MEDIA.{PHOTOS}.#PRESS RELEASE.

November 4, 2020
Press Statement
PDP Rejects APC’s Moves To Stifle Social Media...Says APC Is Resisting Demands For Accountability, Fairness
The Peoples Democratic Party (PDP) rejects the moves by the All Progressives Congress (APC) and its administration to regulate and strangulate social media in our country, describing it as unconstitutional, anti-people and a suppressive design to asphyxiate Nigerians.
The PDP asserts that the renewed frenzy to censor the social media is ostensibly targeted at muzzling outspoken Nigerians, particularly the youths, media and civil society organizations, from demanding for accountability and competence, as well as exposing the widespread corruption, unbridled treasury looting, barefaced injustice, human right abuses, constitutional violations and divisive actions of the APC administration.
Our party rejects the claims that the regulation bill is targeted at checking fake news. This is because our nation already has enough implementable laws to counter the dissemination of fake news and punish offenders.
It is clear that the APC administration is rather xenophobic of criticisms from citizens against its manifest atrocities that it seeks to surreptitiously reenact the obnoxious military decree 4 to suppress Nigerians.
Instead of this desperation to gag the citizens and curtail their constitutionally guaranteed rights, our party counsels the APC administration to rather take steps to reassure Nigerians by ending its manifest corruption, treasury looting, abuse of human rights, nepotism and unaccountability for which the citizens demands answers.
Our party counsels the APC administration to become more accountable, particularly, by ending its arrogance as well as its shielding of corrupt officials, as being witnessed in the desperation to protect federal officials allegedly involved in the criminal diversion of funds voted for COVID-19 palliatives.
The Buhari administration should be forthcoming on various corruption allegations, including the stealing of trillions of naira in sleazy oil subsidy regime and claimed under-recovery for unnamed West African countries; the humongous fraud in the N500bn Social Investment Programme as revealed by First Lady, Aisha Buhari; frittering of over N9.6 trillion ($25 billion) as detailed in the leaked NNPC memo, among others.
This is in addition to the N90 billion allegedly stolen from the Federal Inland Revenue Service (FIRS) in which APC leaders were mentioned; the alleged looting of N33billion from the National Emergency Management Agency (NEMA) fund; the over N25 billion siphoned from the National Health Insurance Scheme (NHIS) among a litany of others.
The APC administration should come clean on the parameters for the hike in the cost of fuel, the depletion of our foreign reserves as well as the mortgaging of our nation to external interests through foreign loans.
Instead of seeking to gag Nigerians, the APC administration should be explaining how government vehicles were seen conveying hoodlums to attack protesters in Abuja as well as who deployed the military to Lekki Toll gate leading to the reported killing of innocent and unarmed protesters.
While our party does not in anyway condone the dissemination of fake news, which was actually birthed and promoted by the APC as a tool to grab power during the build-up to the 2015 elections, the PDP rejects the attempt to hide under fake news to impose a siege mentality in our country for selfish political reasons.
In fact, if anything, the APC should be apologizing for making our social media toxic, importing fake news into our polity as well as running an incompetent, oppressive and corrupt administration.
Signed:
Kola Ologbondiyan
National Publicity Secretary
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