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Showing posts from December 9, 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

LAGFERRY URGES COMMUTERS TO EMBRACE WATER TRANSPORTATION.{PHOTOS}.#PRESS RELEASE.

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  … Set To Increase Boats, Terminals, Jetties The Lagos State Government has urged residents to embrace water transportation as a means of decongesting the roads, just as it revealed that plans have been concluded to procure more boats to accommodate the increased customer patronage. The Managing Director, Lagos Ferry Services (LAGFERRY), Mr. Abdoulbaq Ladi-Balogun, made the appeal on Tuesday during a stakeholders’ forum held at Ojo Local Government Secretariat, Ebute-Ojo, Lagos. Ladi-Balogun stated that the Agency chose the riverine localities of Ojo and Oto-Awori to hold the sensitisation meeting on boat transportation because of the incessant traffic logjam caused by ongoing road construction projects within the axis. He said, "As the State government is paying priority to rehabilitate the road along the Lagos-Badagry Expressway, which comes with its attendant inconveniences to road users, it will be expedient at this moment for the people to make use of the waterways, especia

LAGOS OPENS AGEGE PEN-CINEMA BRIDGE NEXT FEBRUARY, AS PROJECT REACHES 90 PERCENT COMPLETION.{PHOTOS}.#PRESS RELEASE.

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  •Sanwo-Olu Inspects Project Site Amid Jubilation By Residents Barring any exigency, the long-awaited Agege Pen-Cinema Bridge in Lagos State will fully open to vehicular movement in about eight weeks, Governor Babajide Sanwo-Olu assured commuters in the axis. The project is said to be at 90 per cent completion; all civil works have already been completed on the bridge. The overpass ascends from Oba Ogunji Road and drops at Oke Koto axis of Agege. The bridge also opens to the old Lagos-Abeokuta Expressway through Abule Egba. When opened for use, it will bring an end to the discomfort currently being experienced by motorists plying Agege-Abule Egba. Sanwo-Olu, in company of his Deputy, Dr. Obafemi Hamzat, and members of the State’s cabinet, went on an unplanned inspection of the project site on Wednesday and assessed the level of work done so far. The Governor was joined in a walk-through on the 1.7 kilometre-long bridge by a multitude of ecstatic residents, who expressed their apprecia

LAGOS RRS FOILS 26 ROBBERY CASES, RESCUES 17 ACCIDENT VICTIMS.{PHOTO}.#PRESS RELEASE.

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  The Rapid Response Squad (RRS) has revealed that no fewer than 26 robbery cases were foiled and 17 robbery victims rescued by its operatives in the last one month. The Commander, Lagos RRS, DCP Olatunji Disu, who disclosed this in the November 2020 monthly report of the Agency, added that the squad effectively foiled an armed robbery attack at Adeyemo Street, Ijaiye, and thwarted another at Berkley Lane, Old Yaba Road, Ebute Metta, due to the quick intervention of officers on Motorised Patrol. He noted that the RRS operatives also assisted in the recovery of a lost purse containing N115,000 and a Techno Phone valued at N95,000, which fell from the passenger of a commercial motorcycle, stressing that the owner was trailed by the RRS team on patrol to return her items. Disu also noted that the squad arrested seven hoodlums at Lawson Road where rival cultists unleashed violence to cause panic and disturb the peace of the neighbourhood, adding that the squad also quelled several civil di

FEC MEETING: NIGERIA ROAD SAFETY STRATEGY II 2021-2030 APPROVED TODAY.{PHOTO}.

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  The Federal Executive Council presided over by President Muhammadu Buhari today Wed 9 Dec 2020, approved the Nigeria Road Safety Strategy II 2021-2030. This is the 3rd and final stage of approval required to commence the implementation of the policy strategy with minor amendments. Congrats to ALL.

OYO TO HOST WORLD FEATHERWEIGHT BOXING TOURNAMENT.{PHOTOS}.#PRESS RELEASE.

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  …as Makinde receives world championship belt ...says state is committed to sports development. The Oyo State governor, Engineer Seyi Makinde, on Tuesday, reiterated the commitment of his administration to sports development, declaring that the government will provide an enabling environment for sporting activities to thrive in the state. The governor, who spoke through the Secretary to the State Government, Mrs. Olubamiwo Adeosun, said that his administration would ensure the success of the World Featherweight boxing fight scheduled to be held in Ibadan on December 27, 2020. A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, indicated that the governor stated these while receiving members of the Local Organizing Committee (LOC) of the World Boxing Federation (WBF) title fight, at the Executive Council Chamber, Secretariat, Agodi, Ibadan. He assured the LOC of the necessary support of the government for the success of the Nigerian boxer, Ridwan Oyekola during