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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LASBCA CONFIRMS PARTIAL BUILDING COLLAPSE IN LAGOS.{PHOTOS}.#PRESS RELEASE.

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 LASBCA CONFIRMS PARTIAL BUILDING COLLAPSE IN LAGOS 


The Lagos State Building Control Agency has confirmed that a three-storey building located at 19, Church Street, off Adeniji Adele Street on Lagos Island, partially collapsed on Wednesday. 


According to the General Manager of the Agency, Arc. Gbolahan Oki, the preliminary investigation into the cause of the collapse, which occurred late in the night while residents were asleep, indicated the structural failure of a part of the beam carrying a water tank used by the occupants.


While commiserating with families of affected victims, Arc. Oki appealed to Lagosians to always report cases of distressed buildings around them, noting that this will help stem the tide of needless loss of lives and property caused by building collapse.


Speaking further, the General Manager said the Agency has taken several steps to address issues of collapse in recent times, including massive stakeholders’ engagement and enlightenment with building developers, owners and occupiers on the need to build right using the right materials, professionals and involving LASBCA at all stages of the construction. 


In his words, "LASBCA is passionate about the need for Lagosians to build right. There is a need to do the proper thing; ensure you have your necessary permits, obtain your letter of authorisation before the commencement of any building project and always involve our Agency in all stages of your project. This will help in no small way to achieve a Safe, Secure and Habitable Building for the Lagos of our dreams".


Arc. Oki also appealed to other residents in the building to vacate immediately as the structure will be removed in the coming days to avoid a total collapse which could be fatal.


CAPTIONS:


 

Pix 1: General Manager, Lagos State Building Control Agency, Arc. Gbolahan Oki, addressing residents of the partially collapsed structure at 19, Church Street Lagos Island. 

 

Pix 2: Exterior of the partially collapsed building.

One more photo below.

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