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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ENTRY AGE LIMIT: LAGOS DEBUNKS VIRAL REPORT ON SOCIAL MEDIA.{PHOTO}.#PRESS RELEASE.

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ENTRY AGE LIMIT: LAGOS DEBUNKS VIRAL REPORT ON SOCIAL MEDIA


The Lagos State Ministry of Education has debunked a social media report alleging that the State Government will, from next academic session, enforce the entry age of 12 years for pupils seeking admission into Junior Secondary School (JSS1) in a bid to deter underage registration.


A statement signed by the Commissioner for Education, Mrs. Folasade Adefisayo, noted that the unsigned and undated document about the age limit for Junior Secondary School entrants had earlier been denounced in Y2020 when it was first circulated.


The Commissioner maintained that such statement was never issued by the State Government, stressing that what was wrongly published and circulated was not a policy statement, but an internal memorandum containing suggestions and a summary of discussions that was drafted after a consultative meeting.


She explained that the said meeting was held with relevant stakeholders in the Education Sector in Y2020 on how to implement the National Policy on Education in the State, which was clearly stated in a press release issued by the Ministry in April, 2020.


Describing the perpetrators of the social media report as saboteurs, Mrs. Adefisayo urged the general public to ignore the viral statement and rest assured that the Ministry will always involve stakeholders in policy decisions and implementation.

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