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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VEHICLES STRANDED ON ADO-AKURE ROAD AS TRAVELLERS SPEND HOURS ON 30KM STRETCH.{PHOTOS}.

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The frustrations being experienced by users of federal roads in Ekiti area of the federation have come to the fore.


Ado-Ilawe-Igbara-Oke and Ado-Ikere-Akure roads didn’t fare better, as commuters were also stranded on the roads due to the number of trucks plying it, in addition to the poor state of roads, which worsened commuters’ experience


Speaking on the issue, chairman, House of Representatives Committee on Federal Road Maintenance Agency, Femi Bamisile, said that the N460bn budgeted for construction and maintenance of federal roads in the 2021 budget and the N30bn allocated to FERMA have not been having positive effects on Nigerian roads.

More photos below.

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