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Showing posts from November 4, 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

GOV.ABIODUN CALLS FOR IMPROVED ELECTRICITY SUPPLY TO OGUN, SIGNS MOU WITH BRITISH POWER FIRM.{PHOTOS}.#PRESS RELEASE.

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  Ogun State Governor, Prince Dapo Abiodun says the State, as an industrial hub of the country, will need an increase supply of electricity to unlock more of its economic potentials and attract more investors to the State. Governor Abiodun who stated this at the signing of a Memorandum of Understanding (MoU) between the State Government and a British Power Firm, Konexa, in his office at Oke-Mosan, Abeokuta, said as a leading industrial State, there was need for the State to have constant power supply at all times to serve existing companies and attract new ones. The Governor opined that there was a nexus between industrial development as large, medium and small scale businesses rely on power to thrive, adding that self sufficiency in electricity would encourage artisans to venture into small businesses which would in future boost the industrial capacity of the State. Prince Abiodun while enumerating some of the steps taken to provide enabling business environment, noted the re-engineer

OSSIOMO POWER PLANT BEGINS POWER SUPPLY,LIGHTS UP SAMUEL OGBEMUDIA STADIUM.{PHOTOS}.#PRESS RELEASE.

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  The 55MW CCETC-Ossiomo Independent Power Plant in Benin City has commenced power supply in the state with the lighting up of the Samuel Ogbemudia Stadium, a feat that has now opened up the electricity market in Edo State to drive industrial growth and attract private investors. Special Adviser to the Governor on Media and Communication Strategy, Mr. Crusoe Osagie, said the commencement of power supply from the plant in Ologbo, Ikpoba-Okha Local Government Area has set the state on a path to becoming a hub for high-impact industries that require stable power to perform optimally. He said, “The Edo State Government is excited to announce that the 55MW CCETC-Ossiomo IPP has commenced power supply in the state with the lighting up of the Samuel Ogbemudia Stadium. This is a major feat. The Power Purchase Agreement (PPA) between the government and investors has effectively kicked off, setting off a ripple effect that will see the influx of power-intensive industries into Edo State.” Aside

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

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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 counte

GOV. WIKE DONATES N200MILLION TO FAMILIES OF 10 SECURITY AGENTS KILLED BY IPOB.{PHOTOS}.#PRESS RELEASE.

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  Rivers State Governor, Nyesom Ezenwo Wike, has redeemed his pledge of N20 Million to each family of the ten security personnel killed by members of proscribed Indigenous People of Biafra, (IPOB) in Oyigbo Local Government. Governor Wike had on Wednesday last week during a condolence visit to the Rivers State Commissioner of Police, Joseph Mukan, announced the donation of N20MILLION to each family of the four policemen and six Army killed by IPOB members in Oyigbo. The cheques were presented to the bereaved widows at the State Police Command and 6 Division, Nigerian Army, in Port Harcourt, respectively on Tuesday. Governor Wike said the gesture is in fulfilment of his earlier promise to alleviate the plight of the widows and their children. Represented by the Secretary to the State Government, Dr. Tammy Wennike Danagogo, the governor described the murder of the security personnel by IPOB members as unacceptable and should be condemned by every right-thinking Nigerian. Governor Wike to

ARMED FORCES: THE DUCHES OF CORNWALL ATTENDED THE 92ND FIELD OF REMEMBRANCE AT WESTMINSTER ABBEY TODAY.{PHOTOS}.

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  As Patron of the The Poppy Factory , The Duchess of Cornwall today attended the 92nd Field of Remembrance at Westminster Abbey . The Field of Remembrance has taken place since November 1928, to commemorate those who have lost their lives in the Armed Forces. Originally, the Poppy Factory took a group of wounded veterans, a tray of poppies and a collecting tin to the grounds of St Margaret’s Church at Westminster Abbey. Only a handful of poppies were planted around a single cross, but now tens of thousands of poppies are planted every year. The Poppy Factory has been making poppies for The Royal British Legion and The Royal Family since 1922. Their 24 strong factory team is made up of veterans and the dependents of veterans, some of whom have worked at the factory for over 40 years making Remembrance products. During today’s service, Her Royal Highness viewed Graves of the Unknown and toured the plots. Ex-service men and women, as well as members of the public, can plant a cross or sy