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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NIGERIA SIGNS MILITARY-TECHNICAL COOPERATION AGREEMENT WITH RUSSIA.[PHOTOS].#PRESS RELEASE..

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PRESS RELEASE


NIGERIA SIGNS MILITARY-TECHNICAL COOPERATION  AGREEMENT WITH RUSSIA


Nigeria has signed a Military-Technical Cooperation Agreement with the Russian Federation. The Honourable Minister of Defence, Major General Bashir Salihi MAGASHI (Rtd), who is on an official visit to Russia, signed on behalf of the Federal Republic of Nigeria, while the Director of the Federal Service for Military-Technical Cooperation, Dmitry Shugaev, signed for the Russian Federation.


The signing ceremony, which took place on 23 August 2021, was witnessed by the Nigerian Ambassador to the Russian Federation, His Excellency (Prof.) Abdullahi Y. SHEHU, the Chief of the Naval Staff, Vice Admiral Auwal Zubairu GAMBO, the Defence Attache in the Embassy of Nigeria in Moscow, Air Vice Marshal Olatokunbo ADESANYA, representatives of the Nigerian Army and the Nigerian Air Force, other senior Military officers, and officials of the Nigerian Ministry of Defence. This Agreement terminates the earlier Agreement between the two countries signed on 6 March 2001.

In a brief statement after the signing ceremony, Ambassador SHEHU expressed appreciation to the Russian authorities and reiterated that Nigeria is not looking for alternative but for complementarity and mutual benefits.

In a related development, declaring open the 7th International Military- Technical Forum -Army 2021 on 23 August 2021, President Vladimir PUTIN of Russia stated that "Massive mutually beneficial portfolios of contracts for the supply of Russian military goods are concluded on the forum's sidelines every year". According to President PUTIN, "The forum has on display over 28,000 units of modern military arms and equipment ranging from small firearms to artillery, tanks, and military combat aircraft. Our army and navy are being modernised at a fast pace as they receive the latest­generation military assets. For example, the share of modern weapons

The Agreement on Military-Technical Cooperation between both countries provides a legal framework for the supply of military equipment, provision of after sales services, training of personnel in respective educational establishments and technology transfer, among others. The signing of the Military-Technical Cooperation Agreement is a landmark development in the bilateral relations between Nigeria and the Russian Federation.


Source: Embassy of the Federal Republic of Nigeria, Moscow, The Russian Federation,


25August 2021.

More photos below.

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