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 DEPARTS ABUJA TODAY TO ATTEND CLIMATE CHANGE CONFERENCE IN GLASGOW; PARTICIPATE IN PARIS PEACE SUMMIT.[PHOTO}.#PRESS RELEASE.

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President Buhari departs Abuja for Glasgow to attend the 26th conference of Parties (COP26) in Scotland. PHOTO; SUNDAY AGHAEZE. OCT 31ST 2021

President Muhammadu Buhari will Sunday, October 31 depart Abuja for Glasgow, Scotland to attend the 26th Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC).


The President is scheduled to deliver his national statement at the High-Level segment for Heads of State and Government at the conference on Tuesday, November 2.


President Buhari’s address is expected to highlight Nigeria’s key priorities and action to tackle climate change as well as progress on the country’s transition to low carbon economy, consistent with achieving the Paris Climate Agreement.


The conference, hosted by the United Kingdom in partnership with Italy, will bring parties together to help accelerate action towards the Paris Agreement as well as the UN Framework Convention on Climate Change.


Given Nigeria’s leading role in taking climate action and as a signatory to the Paris Agreement, COP 26 will afford a unique opportunity for the Nigerian delegation to work with other parties to make progress on the main goals of the conference including securing global net zero by mid-century and keeping 1.5C within reach; adapting to protect communities and natural habitats as well as mobilising the much needed finances to meet the set targets.


In Glasgow, President Buhari will participate in some side-line events hosted by US President Joe Biden and French President Emmanuel Macron.


The President will be accompanied by the Minister of Foreign Affairs, Geoffrey Onyeama, Minister of State, Environment, Sharon Ikeazor, National Security Adviser, Maj.-Gen. Babagana Monguno (Rtd) and Director-General, National Intelligence Agency, Amb. Ahmed Rufai Abubakar.


President Buhari will thereafter travel to Paris, France on an official visit to reciprocate an earlier one to Nigeria by the French President, Emmanuel Macron, and also attend the Paris Peace forum 2021, the fourth edition to be hosted by the French President.


It will have Heads of State and Government and CEOs of major multinationals, as well as several civil society actors, gathering to advance concrete solutions to the enormous challenges posed by the COVID-19 pandemic, and to improve global governance in times of COVID-19.


The Summit will focus on spurring a more solid and inclusive recovery by addressing the various gaps in global governance, offering initiatives to better tend to the global commons, and putting forward new principles of action for the post-COVID world.


While the President is in Paris, the Nigerian government will organize the Nigeria-Paris Forum. The event is expected to pull a crowd of Nigerian and French investors, government and business leaders, diplomats and the media in the hope of showcasing opportunities on both sides as well as bringing enlightenment to bear on the prevailing security, economic and investment climate in Nigeria. 


President Buhari is expected back in the country after the engagements.


 


Garba Shehu


Senior Special Assistant to the President


(Media & Publicity)


October 31, 2021.

More photos below.

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