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Showing posts from November 24, 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

MODULAR REFINERIES WILL MAKE PETROLEUM PRODUCTS AVAILABLE, ELIMINATE IMPORTATION, PRESIDENT BUHARI DECLARES AT INAUGURATION OF NIGERIA’S LARGEST MODULAR REFINERY IN IMO STATE.{PHOTOS}.#PRESS RELEASE.

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President Muhammadu Buhari Tuesday said the establishment of modular refineries in the country will make petroleum products available in the country and eliminate importation. The President spoke at the virtual inauguration of the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo State, as well as the Ground-Breaking Ceremony for the Phase-2 works to expand the capacity of the refinery to 50,000 barrels/day. President Buhari said the deployment of modular refineries was one of the four key elements of his administration’s Refinery Roadmap rolled out in 2018, adding that its implementation will make Nigeria a net exporter of petroleum products. He expressed delight that Waltersmith refinery in Ohaji Egbema Local Government Area of Imo State was coming on stream within two years of the commencement of the Roadmap, after many years of granting licenses for the establishment of modular refineries with nothing to show for it. ''Furthermore, there is increased momentu

WE MUST NOT ALLOW FIFTH COLUMNISTS UNDERMINE OUR SECURITY, SANWO-OLU URGES LAGOSIANS AT FORUM.{PHOTOS}.#PRESS RELEASE.

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  • Interior Minister Moves To Strengthen Peace In Troubled Communities, Meets Stakeholders • Forum Makes Case For Special Security Arrangement For Lagos The wanton destruction of public assets in the violence that trailed the recent nationwide protests by the youth against police brutality has bolstered the Federal Government-led initiatives geared towards engendering peace and security in the country. Ministry of Interior, on Tuesday, held a Stakeholders’ Engagement on Internal Security and Conflict Resolution in Lagos State, with the purpose to strengthening peace and security in the aftermath of the destruction. The Ministry engaged in consultations with the State Government, traditional rulers, civil society groups, religious institutions and youth groups on the need to adopt dialogue as a key approach in channeling grievances and resolving conflicts. The consultative forum, held at Adeyemi Bero Auditorium in the Secretariat, Alausa, was graced by the Minister of Interior, Ogbeni

LAWYER DOCKED FOR ALLEGEDLY OBTAINING N4M TO BRIBE EFCC OFFICERS.{PHOTO}.

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  The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Thursday, November 12, 2020, arraigned a lawyer, Taiwo Oreagba, before Justice Sherifah Solebo of the Special Offences Court sitting in Ikeja, Lagos on a two-count charge bordering on alleged corrupt demand and obtaining by false pretence to the tune of N4,000,000.00( Four Million Naira). The defendant, who is a counsel to one Kelechi Uka currently under investigation by the Commission, allegedly collected the sum of N4, 000,000.00(Four Million Naira) from one Henry Umoh supposedly to influence officers of the Commission to secure the release of her client( Uka). Count one reads: “ That you, Taiwo Oreagba, on or about the 2nd of March, 2020 in Lagos , within the jurisdiction of this Honourable Court , whilst acting as counsel to one Kelechi Uka, asked for and received the sum of N4,000,000.00( Four Million Naira) through your business name account known as Bobcom Enterprises from one Henry George Um

COURT JAILS SISTERS 10 YEARS IMPRISONMENT.{PHOTOS}.

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  Justice Muhammad Tukur of State High Court, Kaduna today November 24, convicted and sentenced the duo of Maryam Muhammad Jallo and Rukaiya Muhammad Jallo to ten years imprisonment for offences that border on criminal breach of trust. The pair who are blood sisters were prosecuted on an amended one count charge by the Kaduna Zonal office of the Economic and Financial Crimes Commission, EFCC. The charge reads, “that you Maryam Jallo and Rukaiya Jallo on the 30th day of March, 2019 in Kaduna within the judicial division of this Honourable Court, while being entrusted with the sum of One Million Seven Hundred Thousand Naira ( N1,700,000) only by one Alhaji Badamasi Shanono and Adio Bukar Hashia for medical treatment of one Usman Umar dishonestly misappropriated same and you thereby committed an offence contrary to Section 293 of the Kaduna State Penal Code Law, 2017 and punishable under Section 294 of the Same Law”. The defendants pleaded ‘guilty’ to the amended charge preferred against

EFCC RECEIVES FOUR SUSPECTED OIL THIEVES FROM NAVY.{PHOTOS}.#PRESS RELEASE.

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  The Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Tuesday, November 24, 2020 received four suspected oil thieves from the Nigeria Navy. The suspects: Ebenezer Afonka( captain); Bernard Umor (engineer), Kingsley Monday, and Ishmael Willy were handed over to the Commission alongside a vessel: MV Captain Samuel. Commander S. G Muhammed, who handed over the suspects and the vessel, said they were arrested on October 24, 2020 by Nigeria Navy Ship (NNS Pathfinder), for suspected involvement in illegal oil bunkering. At the time of arrest, the vessel was laden with an unspecified quantity of substance suspected to be illegally refined Automotive Gas Oil (AGO/diesel). Representative of the Head, Port Harcourt Zonal Office of the EFCC, and Head, Counter Terrorism and General Investigation (CTGI), Tasui Abubakar, who received the suspects and the vessel on behalf of the Commission, assured the Navy that justice will be served on the matter