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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OLOKOLA FREE TRADE ZONE CAN POSITION OGUN STATE AS MAJOR INDUSTRIAL HUB IN NIGERIA-AFCFTA.{PHOTOS}.#PRESS RELEASE.

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The National Action on African Continental Free Trade Area AFCFTA has described the Olokola Free Trade Zone as a critical investment which has the potentials of further positioning Ogun State as a major industrial hub in the country.
The chairman of the Committee, Mr. Babafemi Lawal made this known during a sensitization visit to the Olokola Free Trade Zone stressing that the renewed commitment of the the State government would ensure more attention is given to the project.
Lawal lauded the Prince Dapo Abiodun-led administration for showing committment towards the project.
He added that the Committee was in the State to ensure government and businesses key into the various opportunities and benefits that are available through the African Free Continental Trade Agreement stressing that businesses based in the country must see the Agreement as an opportunity rather than a threat.
Also speaking, the Chairman, Ogun Water side Local Government Area, Hon. Femi Onanuga lauded the present administration for its efforts at ensuring the project fulfills its potentials and translate into improvement in the State economy. More photos below.

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