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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PRESIDENT BUHARI CONGRATULATES OLUSEGUN AWOLOWO ON ELECTION TO LEAD TRADE PROMOTION ORGANIZATIONS IN WEST AFRICA.{PHOTO}.#PRESS RELEASE.

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President Muhammadu Buhari lauds Executive Director/Chef Executive Officer of Nigerian Export Promotion Council, Mr Olusegun Awolowo, on his election as President of National Trade Promotion Organizations (TPOs) from ECOWAS member States. 

The President says Awolowo’s unanimous election is testament to the confidence reposed in him, and in Nigeria, by Chief Executive Officers of trade promotion organizations in West Africa, and urges him to serve to the best of his ability, and do the country proud. 

President Buhari notes that an ECOWAS TPO Network holds great possibilities for Nigeria and the sub-region in the areas of exchange of commercial information and business opportunities, adding that the domiciling of the Secretariat in Abuja would open vistas of opportunities for Nigeria. 

The President wishes Mr Awolowo well in his new assignment, expressing confidence that Nigeria and ECOWAS would benefit a lot from his expertise in trade promotions.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

July 16, 2021

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