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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OBA ERINWOLE ROAD: GOV. ABIODUN ORDERS CONTRACTOR TO COMPLETE PROJECT IN TWO WEEKS.{PHOTOS}.#PRESS RELEASE.

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Oba Erinwole Road: Abiodun orders contractor to complete project in two weeks


Ogun State governor, Dapo Abiodun, has given the contractor handling the reconstruction of the Oba Erinwole Road in Sagamu, two weeks to complete the project.


Abiodun who gave the order on Thursday while inspecting the level of work on the four-kilometre road, expressed dissatisfaction with the slow pace of work, and urged the State Commissioner for Works, Ade Akinsanya to ensure the job was completed in the next two weeks.


"I am not impressed with the speed of work on this road. I have directed that the job most be delivered in the next two weeks. The caves must be rehabilitated, streetlight replaced and the road margin fixed", he said.


He explained that the initial contract was to repair the failed section which was the lowest part of the road, adding that the need to repair the entire stretch of the road from the Sagamu-Benin Expressway to Ikorodu Junction, was to ensure that the road was completely done.


Abiodun added: "This part of the town is one of the prime areas and the value of property as a result of the bad condition of the road had begun to depreciate and we decided to intervene particularly for the convenience of our people living here and the socio-economic development of the town itself".


He noted that though the road represents an important by-pass to the people of the town, some portions had become impassable and nightmare to the residents, hence, his government's intervention to save the people and the state from untold hardship and embarrassment. 


The project, according to the governor, is in line with his administration's transformation and infrastructural development going on across the state, emphasizing that Sagamu as one of the major towns in the state would also benefit.


He disclosed that similar projects were ongoing simultaneously in 18 local government areas of Ogun.


"We are also doing similar projects in 18 local government areas of the state. This is not an exception; it has become a norm that characterizes the Building our Future Together' agenda of our administration", Abiodun submitted.

More photos below.

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