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Showing posts from September 29, 2020

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

WOMAN BAGS 98YRS FOR STEALING BANK'S N49M AND $368,000.{PHOTO}.

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  A former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin, has been sentenced to 98 years in prison by Justice Muniru Olagunju of Oyo High Court for fraud. A statement released by the Economic and Financial Crimes Commission EFCC, said Adesakin was found to have committed financial fraud against her employers to the tune of N49,320,652.32 and an additional $368,203.00 belonging to the bank, which she converted to personal use. She was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC) on 14-count charges bordering on stealing, forgery, and fraudulent accounting. One of the charges read “That you Oreoluwa Adesakin sometime between the months of May 2013 and November 2013, at Ibadan within the Ibadan Judicial Division, whilst being a staff of First Bank PLC stole the sum of N25,974,116.13 from First Bank PLC MoneyGram Payment Naira Account, the property of First bank PLC.” She pleaded not guilty to all the charges, which necessitated h

1004 ESTATE: LAGOS ASSEMBLY MOVES TO RESOLVE CRISIS.{PHOTOS}.#PRESS RELEASE.

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  The Lagos State House of Assembly Committee on Housing has embarked on a fact finding mission in a bid to resolve the prolonged crisis of mismanagement of the 1004 estate in Victoria Island Lagos. The Committee led by the Chairman, Hon Bisi Yusuf, paid a visit to the estate following a petition sent to the House on the incompetence and gross mismanagement of the estate by some self appointed members of the 1004 Estate Owners and Residents Association. Hon Bisi Yusuf took a tour of the estate, inspecting the facilities and also interacting with some residents who lamented on the high service charges they pay without commensurate value for their money. On the Committee's request, record of diesel consumption revealed gross impropriety as the quantities of diesel which was reported to have gulped millions of naira over the years could not be ascertained. Hon. Bisi Yusuf while addressing press men at the estate said the Committee has gone round and made observations, "we have g

NAF WINGS 4 NEW PILOTS, TRAINS 139 IN LAST 5 YEARS, CERTIFIES 2 COMBAT RATED PILOTS.{PHOTOS}.#PRESS RELEASE.

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  In furtherance of its capacity building efforts to tackle various internal security challenges in the Country, the Nigerian Air Force (NAF) has graduated another set of 6 pilots in tactical and basic flying. The combined graduation ceremony, which took place today, 29 September 2020, comprised 2 pilots of the Tactical Flying Course 24 (Batch B), and 4 student pilots of the Basic Flying Course 19 (Batch A). Among the graduands awarded Limited Combat Rating Certificate after completing the Tactical Flying Course on the Alpha Jet aircraft during today’s ceremony was the first female fixed-wing fighter pilot in the history of the NAF, Flying Officer Kafayat Sanni. In his remarks at the graduation ceremony, the Chief of the Air Staff (CAS), Air Marshal Sadique Abubakar, who was also the Guest of Honour, noted that human capacity development, being one of the Key Drivers of his Vision, has received much attention since he assumed office as the Twentieth Chief of the Air Staff. "This

IGP PARTNERS AUGF TO CURB FRAUD IN GOVERNANCE.{PHOTO}.#PRESS RELEASE.

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  The Inspector-General of Police, IGP M.A Adamu, NPM, mni has reaffirmed his commitment to the Federal Government’s efforts at curbing fraud, enhancing transparency and accountability in government. The IGP made this known during a courtesy call on him by the Auditor-General for the Federation, Mr. Anthony Ayine, FCA, on Friday, 25th September, 2020, at the Force Headquarters, Louis Edet House, Abuja. The high-powered courtesy visit of top Management personnel of the Office of the Auditor-General for the Federation (OAuGF) was informed by the need for both institutions to collaborate, foster mutual understanding and build strong relationships for the purpose of promoting accountability and transparency, which are cornerstones for socio-economic development of any society. Mr. Ayine expressed the critical importance of auditing to the equally indispensable role of the police in ensuring good governance in the country. He noted inter-alia, that proper auditing of Police’s armoury and ot

MERCY EKE BUYS HERSELF A RANGE ROVER VELAR AS BIRTHDAY GIFT AS SHE TURNS 27.{PHOTOS}.

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  Mercy Eke, the winner of BBNaija season 4 has gifted herself a brand new Range Rover Velar as a birthday gift as she turns 27 today, September 29. The reality star took to her Instagram page to show off the new whip and then wrote: I want it, I got it, I want it, I got it. Couldnt think of a better way to spoil myself today after an amazing year. HAPPY BIRTHDAY TO ME. From me to me...Range Rover Velar!!!!!! More photos below. +3