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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LASG PROPOSES NEW ELECTRICITY POLICY.{PHOTO}.#PRESS RELEASE.

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... Policy will accelerate “Light-Up Lagos” initiative when operational, says Energy Commissioner
The Lagos State Government, through the Ministry of Energy and Mineral Resources, is set to have a State Electricity Policy that will serve as a blueprint for the attainment of universal access to electricity.
Commissioner for Energy and Mineral Resources, Olalere Odusote broke the news on Tuesday at this year’s Ministerial Press Briefing, in commemoration of the second year anniversary of the Governor Babajide Sanwo-Olu administration at Alausa, Ikeja.
According to him, the electricity policy, when it becomes functional, will also accelerate the "Light-up Lagos" programme.
The Commissioner noted that "Lagos Electricity Policy is vital in achieving the T.H.E.M.E.S. Agenda and will serve as a key driver for the social and economic development aspirations of the State in consonance with Government’s 30-year Development Plan (2021 – 2051), currently being developed.”
Odusote, an engineer, added that Governor Sanwo-Olu approved the procurement and installation of twenty thousand (20,000) units of Prepaid Energy Meters for Communities as a way of improving electricity supply.
The Commissioner also emphasised that the Sanwo-Olu-led Administration and a leading smart metering solution company (Elsewedy Electric) had agreed on meter supply to target low-income communities and also identified transmission infrastructure challenges across the State.
Odusote also recalled that a programme titled “Smart Hackathon 2020”, was launched last July by Governor Sanwo-Olu, who said the idea was to design, produce and mass-distribute affordable and reliable Smart Meters in Nigeria.
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