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Showing posts from January 5, 2021

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

GOV. ABIODUN DONATES N10M, MOTORCYCLES, PATROL VAN TO NIGERIAN LEGION.{PHOTOS}.#PRESS RELEASE.

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  In fufillment of his promise to ensure that heroes who fought for the territorial independence of the country continue to get all the regard they deserve, Ogun State Governor Prince Dapo Abiodun has donated a sum of 10 million and two motorcycles to the state chapter of the Nigerian Legion while promising to ensure the delivery a patrol van to the retired officers before the end of the week. Prince Dapo Abiodun who made this known at the Emblem Appeal Launch Week of the Armed Forces and Remembrance Day held at the Executive Chambers of the Governor's office, Oke-Mosan, Abeokuta also appealed to public spirited individuals, corporate bodies and organizations to rise up to the challenge of giving support towards caring for the injured and the families of the dead officers of the Nigerian Armed Forces by donating generously towards their continued care. Abiodun also called on Nigerians to contribute their quota towards ensuring a more secured environment by contributing to the upk

SACRIFICE OF EX-SERVICEMEN WON’T BE FORGOTTEN - SANWO-OLU.{PHOTOS}.#PRESS RELEASE.

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  •Governor Donates N5 Million To Armed Forces Remembrance Appeal Fund All sacrifices made by members of the Nigerian armed forces in keeping the nation united will continue to be recognised and honoured by the Government of Lagos State, Governor Babajide Sanwo-Olu has pledged. The Governor said the State would always identify with the heroism and gallantry of servicemen who gave their all to the service of the country, promising that the State Government won’t relent in supporting family members of ex-service personnel who died fighting for Nigeria unity. Sanwo-Olu spoke at the launch of the emblem for 2021 Armed Forces Remembrance Day and Appeal Fund held on Tuesday at the State House, Marina. The event was jointly organised by the Ministry of Home Affairs and the State chapter of Nigerian Legion. The main event for Armed Forces Remembrance is held every January 15, during which military and paramilitary parades are held to commemorate the gallantry of servicemen and ex-personnel. Sa

LASG ARRAIGNS 65 OFFENDERS FOR VIOLATING CURFEW ON JANUARY 1.{PHOTO}.#PRESS RELEASE.

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  The Lagos State Environmental and Special Offences (Enforcement) Unit today arraigned 65 offenders at the Special Offences (Mobile) Court over movement during the 'COVID-19 Midnight Curfew' on New Year’s Day in Lagos. Chairman of the Agency, CSP Shola Jejeloye disclosed that the 65 offenders were arrested in Lekki, Surulere and Ikeja during a midnight enforcement operations in the early hours of January 1, 2021, as directed by the Lagos State Commissioner of Police, CP Hakeem Odumosu. CSP Jejeloye disclosed further that 11 vehicles were also impounded for being on the road during the period, stressing that the State Government is determined to sanction any person or organisation caught breaching 'Public Health Regulations and Protocols' on the COVID-19 pandemic. According to the Chairman, "If we don't do the needful, the spread of the disease will continue unabated. We must also be conscious of the fact that the new strain of the virus spreads faster than the

N10.9BN FRAUD: COURT JAILS EX-FINBANK MD,NWOSU,THREE OTHERS.{PHOTO}.#PRESS RELEASE.

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  Justice Lateefa A. Okunnu of the Lagos State High Court sitting in Ikeja, on Tuesday, January 5, 2021, convicted and sentenced Okey Nwosu, a former Managing Director, Finbank Plc, to three years imprisonment for over 10m fraud. The Economic and Financial Crimes Commission, EFCC, had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma Ocholi on a 26-count amended charge bordering on stealing and illegal conversion to the tune of N10,934,704,402. The defendants, who perpetrated the fraud while they were directors of the bank, pleaded not guilty to the charge preferred against them, thereby leading to their full trial. In the course of the trial, the prosecution counsel, Rotimi Jacobs , SAN, called witnesses and also tendered several documents that were admitted in evidence against the defendants. Delivering her judgment, the Judge found the defendants guilty and sentenced the first and second defendants, Nwosu and Famoroti, to three years imprisonment each. The Judge

NO SUSTAINABLE DEVELOPMENT POSSIBLE WITHOUT ADEQUATE INFRASTRUCTURE, SAYS PRESIDENT BUHARI, AS HE MEETS CHINA’S STATE COUNCILLOR.{PHOTOS}.#PRESS RELEASE.

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  Sustainable development is impossible when a country is hobbled by severe infrastructural deficits, President Muhammadu Buhari has said. The President spoke Tuesday at State House, Abuja, while receiving in audience Mr Wang Yi, the State Councillor and Foreign Minister, People’s Republic of China. “We thank China for its support to us in various ways; in building of rail, road, power, defence, and many others. You are helping us to reduce our severe infrastructural deficits, and we are glad. There cannot be sustainable development without infrastructural development,” President Buhari said. He pledged that Nigeria would continue to honour its obligations in the relationship with the People’s Republic of China, “as you are making a big difference, which we appreciate very much.” Mr Wang Yi applauded what he called the “mutual trust and sound personal friendship” between President Buhari and President Xi Jinping of China, noting that “it has guided the bilateral relationship between ou

THE STRATEGIC INVESTMENT DRIVE OF HIS EXCELLENCY GOVERNOR BELLO MATAWALLE OF ZAMFARA STATE.{PHOTO}.#PRESS RELEASE.

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  Upon taking the mantle of leadership as the Executive Governor of Zamfara State on the 29th of May 2019, His Excellency Bello Mohammed MoN (Matawallen Maradun), did not waste time in indicating his interest and passion in restoring peace to the state, transforming the economy of the state and creating a conducive atmosphere for investment, business development and partnerships for the state and prospective foreign and local investors. His Excellency Governor Bello Matawalle swung into action, setting machineries in motion to enable him achieve his vision, by quickly establishing the Investment and Public Private Partnership Directorate, and appointing a Special Adviser to head the Directorate. The truth is that the vision and investment ideas of the Governor is yielding the desired fruit as the Investment Directorate has become very busy attracting various investments to the state as well as investing the resources of Zamfara State in profitable Real Estate investments in the Capital