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
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PRESIDENT BUHARI CONDOLES WITH FAMILY OF FORMER MILITARY ADMINISTRATOR OF LAGOS, IMO STATES, NDUBUISI KANU.{PHOTO}.#PRESS RELEASE.

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President Muhammadu Buhari commiserates with family and friends of former military administrator of Lagos and Imo States, Rear Admiral Ndubuisi Kanu, 77, praying for God’s covering over all his loved ones.
The President condoles with all professional colleagues of the gallant military officer, who distinguished himself in all positions and responsibilities during service, taking up more daunting, but historically rewarding challenges like speaking up for the weak and vulnerable, and the struggle for the country’s return to democratic government.
President Buhari believes late Rear Admiral Kanu’s credentials in serving the nation, as a career military officer and as an activist with NADECO in actualising the June 12, 1993 mandate, remains commendable and will continue to inspire younger generations on patriotism.
The President prays for the repose of the soul of the elder statesman.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
January 13, 2021.

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