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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2022 BUDGET PROPOSAL AN IMPROVEMENT ON NDLEAs FORTUNE-MARWA.{PHOTO}.#PRESS RELEASE.

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Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) has said that the proposed 2022 budget allocation to the Agency is a great improvement on its fortune and previous budgets.


Gen. Marwa stated this on Wednesday during the budget defence of the Agency before the House Committee on Narcotic Drugs, where he expressed appreciation to President Muhammadu Buhari and the Finance Minister, Mrs Zainab Ahmed for their deep understanding of the challenges of the 32 years old Agency and their support to enhance its capability and performance.


He equally acknowledged the legislative support being given to the Agency by the National Assembly and the leadership of the two chambers of the legislature.


He appealed to the federal lawmakers to continue their support with the passing of the proposed budget and enhance it where necessary especially in the areas of essential needs like the purchase of arms and ammunition.

In his remarks, Chairman of the Committee, Hon. Francis Ottah Agbo emphasised the need to support the Agency to be able to surmount the enormous challenges before it. He said apart from an overhaul of the NDLEA Act to remove the option of ridiculous fines for offenders, he said the committee would stand up against any move to legalise cannabis on the floor of the House.


Femi Babafemi

Director, Media & Advocacy

NDLEA Headquarters, Abuja

Wednesday 3rd November, 2021

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