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Showing posts from January 27, 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

KADUNA STATE GOVT PAID 236.8 MILLION NAIRA IN LOCAL BURSARY TO STUDENTS IN 2020 DESPITE COVID; RESUMES PAYMENT AS SCHOOLS REOPEN.{PHOTO}.#PRESS RELEASE.

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  Kaduna State paid a total of N236,839,948 (Two hundred and thirty six million, eight hundred and thirty nine thousand, nine hundred and forty eight Naira) to over 2000 students in the year 2020. This payment was made to successful bursary applicants for the 2017/2018 and 2018/2019 sessions studying across various Nigerian tertiary institutions. The payments were made in tranches as follows: 1. 273 students received N26,984,708 in January 2020 2. 855 students received N91,436,240 in February 2020 3. 822 students received N89,105,000 in March 2020 Although payments stopped as the country plunged into the Covid-19 induced lockdown, payments immediately continued afterwards as 273 students received N29,314,000 In November 2020. The board reiterates its commitment towards paying all the successful applicants but certain factors remain serious impediments towards fulfilling such commitments, such factors include; 1. BVN Issues: While students keep complaining about issues around delay in p

FEMALES SOLDIERS WERE DEPLOYED TO KADUNA-ABUJA EXPRESSWAY TODAY AS GOV. EL-RUFAI WELCOMES THEM.{PHOTOS}.

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  Malam Nasir El-Rufai and Dr. Hadiza are welcoming a detachment of the Nigerian Army Women Corps that has been deployed to complement security patrols on the Kaduna-Abuja Expressway. Major-General US Mohammed, GOC 1 Division, has acknowledged the support KDSG provides to the military in its internal security operations. He thanked Malam Nasir Ahmad El-Rufai and Dr. Hadiza Balarabe for personally coming to receive the troops. The Governor and the Deputy Governor have expressed gratitude to the military for deploying the troops and assured them of the continued support of the Kaduna State Government as they work for security in the state.

DESPITE VESTED INTERESTS,WE'LL PROTECT NIGERIA'S INTEREST IN NEW PIB-SPEAKER FEMI GBAJABIAMILA.{PHOTOS}.#PRESS RELEASE.

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  ...says House to pass Bill in April ...promises thorough work, engagement of stakeholders Despite the positions of any vested interest, the House of Representatives will ensure that it protects the interest of Nigeria and Nigerians in the Petroleum Industry Bill (PIB), which is being considered by the Green Chamber, Speaker Femi Gbajabiamila has said. Gbajabiamila said though the PIB has been in the National Assembly for decades without much success, the 9th Assembly would ensure that it passes it into law. The Speaker, who expressed optimism about the process adopted by the House to engage all relevant stakeholders, said he was confident that the Ad-hoc Committee on PIB headed by Chief Whip, Mohammed Tahir Monguno, would do a thorough job. Declaring open a 2-day public hearing organized by the ad-hoc committee, Gbajabiamila said the House would do all it can to pass the PIB in April. He said though it was a national consensus that there should be a comprehensive reform of the oil a

LAGOS CBD REMOVES ILLEGAL STRUCTURES, MAKESHIFT SHOPS FROM ROADS, WALKWAYS.{PHOTOS}.#PRESS RELEASE

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  The Office of the Special Adviser to the Governor on Central Business Districts, on Tuesday, embarked on the removal exercise of illegal structures and makeshift shops erected on walkways, road medians and drainage alignments as well as indiscriminately parked vehicles on roads within the Lagos Island Business District. The Special Adviser to the Lagos State Governor on Central Business Districts, Mr. Olugbenga Olarenwaju Oyerinde, who led the exercise, said that the State Government is committed to the full restoration of the beauty and master plan of the Lagos Island Business District. Olarenwaju said the antics of commercial bus drivers, commercial motorcyclists, shop owners and roadside sellers will not deter the government from transforming the entire Lagos Island axis into a world-class business and tourism hub, stressing that the Governor Babajide Sanwo-Olu led administration is very passionate about sustaining the environment and ensuring the free flow of traffic across the S

GOV. SANWO-OLU NAMED NEW LAGOS-HOMES AFTER FASHOLA AS HE DELIVERS 216 HOMES IN ETI-OSA, SURULERE.{PHOTOS}.#PRESS RELEASE.

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  •Names LagosHOMS Iponri Scheme After Fashola, As New Housing Project Takes Off In Ikoyi-Obalende •Lagos Builds, Hands Over Research Lab To FG In line with his administration's effort to close the deficit in provision of comfortable housing scheme in Lagos State, the State Governor, Mr. Babajide Sanwo-Olu on Wednesday formally opened two housing projects in Surulere and Eti Osa axes, which were revived and completed by his administration. They are 132-unit LagosHOMS projects at Iponri in Surulere area, and 84-unit Lekki Phase II housing project in Ikota, along Ajah corridor. The inauguration of the projects came four days after the Governor commissioned another 252-unit flats in Idale, Badagry. The Iponri and Ajah housing schemes were delivered through a joint venture between the Ministry of Housing, STB Mortgage Bank and Lekki Ultimate Company Limited. Sanwo-Olu named the 132-unit Iponri Housing Scheme after former Lagos State Governor and now Minister of Works and Housing, Mr. B