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Showing posts from November 18, 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 PRAISES UMAHI'S DEFECTION, SAYS IT'S BASED ON PRINCIPLE RATHER THAN COERCION.{PHOTOS}.#PRESS RELEASE.

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  President Muhammadu Buhari has commended the defection of Ebonyi State Governor, David Umahi, to the All Progressives Congress (APC), describing it "as a bold move driven purely by principle rather than opportunistic motives." Reacting to the defection, President Buhari said: "I am proud of Governor David Umahi for taking this bold decision in accordance with his conscience and principles rather than any external influence or coercion." According to the President, "Good governance is very important to us in the APC, and I’m glad that the governor has cited this as a major factor in his decision to join us. I urge our citizens to pay less emphasis on identity politics if we want our democracy to make a positive impact on our country." He noted that "with men like Umahi, I foresee a brighter future for our democracy because the voters will be more motivated by performance records of parties and their candidates." "Let me once again; commend

N69.4BN DEBT: AMCON SEIZES JIMOH IBRAHIM'S PROPERTIES,FREEZES ACCOUNTS.{PHOTO}.

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  N69.4bn debt: AMCON seizes Jimoh Ibrahim’s properties, freezes accounts Published November 18, 2020 ‌ Eniola Akinkuotu, Abuja The Asset Management Corporation of Nigeria has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, and frozen all his accounts over his debt which amounts to N69.4bn. The seizure of the assets is pursuant to an order by Justice R.M. Aikawa of a Federal High Court, in Lagos. AMCON on Wednesday took effective possession of all 12 properties through its Debt Recovery Agent – Pinheiro Legal Partners, which include the following: the building of NICON Investment Limited at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at Plot 557, Port-Harcourt Crescent, off Gimbiya Street, Abuja and the building of NICON Lekki Limited also at No. 5, Customs Street, Lagos. Other properties include: The building of Abuja International Hotels Limited located at No. 3, Hospital Road, Lagos; another Propert

HOUSE'LL ENSURE POLICING SYSTEM WORKS FOR ALL CITIENS-SSPEAKER FEMI GBAJABIAMILA.{PHOTOS}.#PRESS RELEASE.

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  ...as stakeholders bear minds on proposed Police Commission Bill The Speaker of the House of Representatives Rep. Femi Gbajabiamila has assured that the 9th House would ensure a policing system that works for all citizens in view of the recent EndSARS protests. Gbajabiamila said to achieve the above, the House would carry out a wholesale reform of the Nigeria Police from recruitment to training and welfare of officers and men of the police. Addressing stakeholders at the 9th House Legislative Agenda Public Policy Dialogue Series with the theme 'Policing and Human Rights in Nigeria,' the Speaker called on all well-meaning Nigerians to make their inputs toward the enactment of the Police Service Commission (Reform) Bill, 2020 "Our reform objectives include wholesale reviews of police recruitment and training procedures and practices. It also includes an obligation to drastically and rapidly improve the welfare and wellbeing of police officers from recruitment through to re

IGBO PRESIDENCY IS NOT NEGOTIABLE IN 2023-ABARIBE.{PHOTOS}.

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  Senate Minority Leader and Senator for Abia South Senatorial District, Enyinnaya Abaribe has stated that the quest for Igbo presidency in 2023 is not negotiable. The senator made the declaration after being presented with a Legacy Merit Award as the “Most Outstanding Performing Senator in the Southeast 2020” by the NUJ, Imo State council in an event in which he was represented by his aide, Chief Chijioke Ukoh. Abaribe stated that giving up the agitation to accord the zone equal opportunities with other parts of the country, will deepen their already existing pitiable condition and thus subject her people to second class citizens. He urged Igbos not to relent but to remain firm, resolute, and undaunted in the face of legions of challenges as there is always light at the end of the tunnel.

I HAVE NO REGRET PROSCRIBING IPOB IN RIVERS STATE-GOV. WIKE.{PHOTOS}.#PRESS RELEASE.

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  Governor Nyesom Ezenwo Wike, says he has no regret proscribing the outlawed Indigenous Peoples of Biafra (IPOB) in Rivers State due to his belief in the unity of Nigeria. He said, Nigerians must at all times rise to protect and defend the interest of the country, and not allow parochial, sentimental politics to destroy the country. The governor stated this when a delegation of Coalition of Northern Groups (CNG) paid a solidarity visit to the Government House, Port Harcourt , to commend him for his untiring efforts and dedication to protect the interest of ethnic groups living in Rivers State. The governor said the EndSARS protest was peaceful in the state until IPOB hijacked it, and committed arson by killing 6 Army officers, 4 Police officers, burnt police stations and courts. According to him, he cannot seat as governor and watch such lawless acts to be perpetrated by a people that has been proscribed by the federal government to cause ethnic war. “Without any apology, I am a

LASG EMPOWERS PEOPLE LIVING WITH DISABILITIES.{PHOTO}.#PRESS RELEASE.

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  As part of efforts towards improving the standard of living of Persons Living With Disabilities (PLWD), the Lagos State Government has empowered 10 physically challenged members of the Lagos State Vulcanisers Association with Ubiquitous Boxes (U-Box) and other tools to enhance their productivity and wealth. Presenting the equipment to the beneficiaries, on Tuesday, at the Lagos State Cooperative College grounds, Agege, the Honourable Commissioner for Commerce, Industry and Cooperatives, Dr. (Mrs) Lola Akande, said the gesture was in line with the State Government's commitment to wealth creation and poverty eradication among its citizens. She said, “You are among the lucky people selected for this programme, please shun any temptation of selling this equipment as this would defeat the purpose of the programme, thereby altering the wealth creation process”. Reiterating the State Government’s readiness to impact more lives as well as work with various stakeholders in the State, the