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Showing posts from October 16, 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

PRESIDENT BUHARI CONVEYS NATION’S GRATITUDE TO MUHAMMAD-BANDE, EX UNGA PRESIDENT.{PHOTOS}.#PRESS RELEASE.

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  President Muhammadu Buhari has expressed the gratitude of the country to Professor Tijjani-Muhammad-Bande, the immediate past President of the United Nation’s General Assembly (UNGA) for making Nigeria proud. Receiving Professor Bande, the country’s Permanent Representative to the UN on Friday at the State House, Abuja, President Buhari said: ''You had an opportunity to serve, and you did so well. Thank you very much. By a sort of coincidence, you and Amina (Ambassador Amina Mohammed, UN Deputy Secretary-General) served at the same time. When I addressed the UN, I felt so proud to see my countryman and woman sitting at my sides.'' The President used the opportunity to ask for patience and understanding of the country’s development process, saying that it is something that takes time, but expressed optimism that advances in technology, education and experience will help to speed up the process. In his brief remarks, Professor Muhammad-Bande said he was full of gratitud

CONCLUSIONS REACHED AT THE MEETING HELD BETWEEN FG AND ASUU.{PHOTO}.#PRESS RELEASE.

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  CONCLUSIONS REACHED AT THE MEETING HELD BETWEEN FEDERAL GOVERNMENT AND THE LEADERSHIP OF THE ACADEMIC STAFF UNION OF UNIVERSITIES (ASUU) AT THE INSTANCE OF FEDERAL MINISTRY OF LABOUR AND EMPLOYMENT ON THURSDAY, 15TH OCTOBER, 2020 AT THE HONOURABLE MINISTER’S CONFERENCE ROOM The meeting was convened as a follow up to the meeting held with the Senate Leadership led by Senate President on Tuesday 13th October, 2020, where theHonourable Minister of Labour and Employment committed to engaging ASUU and other stakeholders to iron out the outstanding issues. 2. The meeting deliberated exhaustively on the issues and concluded as follows: i) Funding for Revitalizationof Public Universities:Government, in spite of the Economic downturn as a result of COVID-19 pandemic, brought an offer of N20 Billion (Twenty BillionNaira)payableby the end of January 2021and ASUU agreed to take the offer to its members for consideration and revert by Wednesday 21st October, 2020. The Min

GOV. WIKE ADVOCATES AMENDMENT OF LAWS ESTABLISHING NIGERIA POLICE FORCE.{PHOTOS}.#PRESS RELEASE.

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  *Says #ENDSARS protest calls for true federalism Rivers State Governor, Nyesom Ezenwo Wike has advocated an amendment of the Laws establishing the Nigeria Police Force to tackle current security challenges facing the country. Governor Wike made the call while speaking on some national issues on a Live National Television Programme in Port Harcourt. Governor Wike stated that such critical look at the enabling laws should be the starting point in achieving an enduring total reform of the Police. "We are in a Federal System. Issues cannot be addressed by the Federal Government giving directives to State Governors. "There is need for all stakeholders to look at the various laws establishing the Police to determine the roles of Councils, States and the Federal Government. "We are at a point in our history that collective involvement is important. This is so because the nature of crime fighting today does not support a central command and control. "We need to embrace t

COURT CONVICTS NNPC STAFF FOR N1.8M FRAUD IN KADUNA.{PHOTOS}.

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  Justice Darius Khobo of the Kaduna State High Court, Kaduna on Thursday, October 15, 2020, convicted and sentenced one Nuhu Aliyu for fraud. Aliyu, a staff of Nigerian National Petroleum Corporation, (NNPC)/Nigerian Pipeline and Storage Company Ltd (NPSC) and Chairman, PENGASSAN PPMC Kaduna Depot Branch, defrauded the NNPC to the tune of N1,834,900.00 (One Million, Eight Hundred and Thirty-four Thousand, Nine Hundred Naira) in October 2017. He was prosecuted by the Kaduna Zonal Office of the Economic and Financial Crimes Commission, EFCC, on amended one-count charge of criminal breach of trust and abuse of office to which he pleaded guilty. Following his guilty plea today, prosecution counsel Y.J.Matiyak tendered 11 documents that were admitted as exhibits and urged the court to convict and sentence him accordingly. He was convicted and sentenced by the judge to pay the sum of N100,000 (One Hundred Thousand Naira) to the federal government or risk a 10 years jail term. Justice Khobo