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Showing posts from March 24, 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

GAS HOLDS KEY POTENTIAL FOR NIGERIAN ECONOMY- SPEAKER GBAJABIAMILAA SAYS.{PHOTOS}.#PRESS RELEASE.

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  The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has said that the gas sector holds key potential for the Nigerian economy as the world looks outside the box from dependence on crude oil. Gbajabiamila said, for this reason, experts in the gas sector should partner those in government for the development of the sector to achieve optimum results, noting Nigeria needs to maximize its natural gas resource. Speaking while receiving a delegation of the Nigerian Liquified Natural Gas (NLNG) in his office on Wednesday, Gbajabiamila said the on-going process of passing the Petroleum Industry Bill (PIB) had provided an opportunity for the experts to collaborate with the House to incorporate a futuristic gas legislation that would be beneficial to Nigeria and Nigerians. "Definitely, it's now all about gas. Crude oil, as we know and which we all rely on, is not so infinite; its end is almost around the corner, and we don't want to be caught unawares. We have to b

ALLEGED RIFT BETWEEN PRESIDENT BUHARI AND TINUBU; HANDIWORK OF CYNICS.{PHOTOS}.#PRESS RELEASE.

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  The Presidency wishes to make it clear that there is no rift between President Muhammadu Buhari and his strong ally, Asiwaju Bola Ahmed Tinubu. The President and the Asiwaju have a very strong commitment to the All Progressives Congress, APC towards bringing CHANGE and this is a commitment they have made to the Nigerian people. Recent reports of a rift between the two leaders of our party are false; the handiwork of some media mischief makers. It is quite unfortunate that certain sections of the media feed on birthing controversies, providing a nexus for naysayers who work behind the scenes planting such stories which are absolutely false. This administration is aware of pessimists and cynics who willfully spread misinformation to create doubts in the minds of the people about the relationship between its leaders and whether the party will remain intact or not. There is no doubt that the President and the party are focused on development, peace and security, restructuring of the econ

GOV. ABIODUN PAYS N500M TO RETIREES,PENSIONERS IN OGUN STATE.{PHOTOS}.#PRESS RELEASE.

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  Ogun State governor, Dapo Abiodun, on Wednesday, distributed N500m to offset backlog of gratuity and pensions of retirees in the state and local government services. Abiodun, while carrying out a symbolic presentation of cheques to some retirees at the June 12 Cultural Centre, Abeokuta, the Ogun State capital, said the event was a demonstration of his administration's commitment to fulfil its promises to all the workers of the state, particularly the elder statesmen and women. He explained that the distribution of N500 million to pensioners in the state signalled the commencement of a payment process for all the pensioners. “I am assuring you that the process for all our pensioners. Though these payments are inherited liabilities from past Government but I am assuring you that the process of paying these gratuities have started and will definitely continue on a quarterly basis”, he said. Abiodun said that apart from the payment of monetary entitlements, his government was commi

TROOPS NEUTRALIZE TWO BANDITS IN CHIKUN LGA+ SEVERAL BANDITS ESCAPE WITH LIFE THREATENING INJURIES.{PHOTOS}.#PRESS RELEASE.

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  KDSG Security Update: Wednesday 24th March 2021. Troops neutralize two bandits in Chikun local government area -Several bandits escape with life threatening injuries -Many bandit camps destroyed Troops under the auspices of Operation Thunder Strike (OPTS) and One Division Nigerian Army have neutralized two bandits in the Buruku general area of Chikun LGA. Several bandits also escaped with life threatening injuries during the ongoing operations against armed bandits covering five local government areas of Kaduna Central Senatorial District. The military disclosed this development in an operational feedback to the Kaduna State Government According to the report, the troops conducted search-and-rescue operations around the Buruku forest, precisely in Rima village, Chikun LGA. Contact with bandits was made around Buruku village. A firefight ensued, during which two bandits were neutralized. Several bandit camps were also cleared and destroyed during the operation. Responding to the feedb

FAKE ARMY OFFICER BAGS 8 YARS IMPRISONMENT FOR FRAUD IN UYO.{PHOTOS}.#PRESS RELEASE.

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  Justice Agatha Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State, on Wednesday, March 24, 2021 sentenced one Henry Mfon Asuquo, a military impostor, to eight years imprisonment on a two-count charge of impersonation and cybercrime brought against him by the Uyo Zonal Office of Economic and Financial Crimes Commission, EFCC. Asuquo’s journey to jail started on January 3, 2019, when operatives of the Commission arrested him at Ayara Street, Nungu Uko in Ibesikpo Local Government Area of the State following a petition by one Itoro Tom. Tom alleged in her petition that Asuquo swapped her Subscriber Identification Module, SIM card, and fraudulently withdrew N700,000 (Seven Hundred Thousand Naira) from her account domiciled at a new generation bank. Investigation into the matter revealed that the convict paraded himself as a military officer and in that capacity, he was going about intimidating and defrauding unsuspecting victims of their hard-earned money. A search executed