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

TOLL GATES: STOP IMPOSING MORE HARDSHIP ON NIGERIANS,PDP TELLS APC.{PHOTO}.#PRESS RELEASE.


August 15, 2021


Press Statement


Toll Gates: Stop Imposing More Hardship on Nigerians, PDP Tells APC


The Peoples Democratic Party (PDP) describes the contemplations by the All Progressives Congress (APC) and its government to impose more hardship on Nigerians, through the re-introduction of toll gates on major highways, as a downright act of wickedness against the suffering masses.


Our party, after an extensive consideration, insists that the move to return the toll gates to allow APC interests to further fleece already impoverished Nigerians, is offensive, vexatious, inflammatory and as such should not be contemplated under any guise whatsoever.


The party invites Nigerians to recall that the PDP administration dismantled the toll gates 18 years ago in order to ease the burden on the people as well as end the corrupt regime of operators. 


The PDP therefore completely rejects the return of toll gates, as it will add more economic burden on the people, lead to hike in transport fares, increase in the prices of goods and services as well as provide safe haven for corrupt APC leaders to extort money from innocent Nigerians.  


APC’s decision to impose levies on the highway, even after it had increased the pump price of fuel to an extortionate N165 per liter, further confirms that APC is a heartless party that is out to fleece and impose hardship on the people to benefit its leaders. 


The PDP observes that with the huge financial resources at the disposal of the APC, its government does not have any justification to impose an extra road tax, particularly in the face of the reckless and unbridled looting of national revenue by its leaders.


This is especially as the APC and its administration have not been able to account for the over N1.4tr allocated for works in addition to over N120 billion collected from Nigerians as motor vehicle license in the last six years.


Moreover, the Buhari Presidency has not taken any step to recover the over N25 trillion reportedly stolen by APC leaders in various revenue generating agencies including the NNPC, NEMA, NPA, FIRS, NIMASA, NDDC, NHIS among others, where culprits are merely “eased out” instead of being prosecuted.


Our party maintains that Nigerians would not have been facing such exacerbated suffering but for APC’s corruption, incompetence, lethargic approach to governance and failure to adopt strategic way to harness and develop our abundant resources to the benefit of the citizens.


The PDP therefore cautions APC leaders not to further push Nigerians to the wall by trying to fleece them with all manners of taxes and levies, having realized they and their fizzling party will soon have no place in governance, come May, 2023.


Signed:


Kola Ologbondiyan

National Publicity Secretary

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