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

GOV. FAYEMI HAILS NAF'S DECISION TO BUILD DEFENCE COMMUNICATION SATELLITE CENTRE IN EKITI.{PHOTOS}.#PRESS RELEASE

 

Governor of Ekiti State, Dr
Kayode Fayemi
has applauded plans by the Nigeria Military to establish a Defence Space Communication Satellite centre in the state in its drive to ensure adequate security and protection of Nigerians.
Dr Fayemi gave the commendation while receiving the Chief of Defense Space Administration (DSA), Rear Admiral Williams Kayoda, in his office in Ado Ekiti on Thursday.
He said the benefits of the initiative to the State was enormous adding that the state could not afford to miss the opportunity.
The Governor disclosed that his administration had been working on the establishment of the Knowledge Zone where about 1500 Hectares of land was already procured, adding that the proximity of the satellite centre to the knowledge zone is an added advantage.
He also revealed that his administration was almost finalizing arrangement with the office of the National Security Adviser and the Office of the Chief of Air Staff to secure end-users certificate for Orbital Drones that was procured to strengthen security architecture of the state.
“What I can assure you is that for us, we are absolutely committed to ensuring that this works. Anyone who has seen the benefit to which institutions like NASA had been put to beyond military utilization will understand the reason why the State must embrace the initiative.
“The military had always been a pioneer in scientific development. The internet came from the military and other big time initiatives have always come from the military, so if we have an institution that is dedicated to utilizing information from space in order to aid our security and also research and development, there is no better place to have it than Ekiti.

“At the moment, we are almost finalizing, even for our own security here in Ekiti, we’ve recognized the use of technology and one of the things that we’ve been doing lately with the office of the National Security Adviser and the Office of the Chief of Air Staff is to get their support for end-users certificate for Orbital Drones we just procured which fits into your initiative and hopefully, our vision is that these drones would be produced locally on the basis of the work that you have already embarked on.
Earlier, the Chief of Defence Space Administration (DSA), Rear Admiral Williams Kayoda said his command was mandated to drive the military aspect of the state requirements to provide space products in support of armed forces of Nigeria operations and other security agencies as well as protect the Nigeria cyber space through the Cyber security Centre.
Rear Admiral Kayoda commended Dr Fayemi for his various efforts aimed at tackling incessant security challenges facing the nation said the peculiarity of Ekiti topography helped in the choice of the state for the project.
According to the Chief of Defence Space Administration, the benefits accruable to the state from the project included employment of over 300 civilians from Ekiti state as well as opportunity for the state to host the dedicated satellite military base which will control all armed forces satellite or orbital presence thereby allowing for more military presence in the state.More photos below.

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