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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HOUSE OF REPS. HAS ADDED "CONSENSUS " AS A THIRD OPTION FOR THE NOMINATION OF CANDIDATES OF POLITICAL PARTIES FOR ELECTION IN THE ELECTORAL ACT BILL,2021.(PHOTOS).#PRESS RELEASE.

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We want to speed up the process, avoid going to conference with Senate.

The House of Representatives has added "consensus" as a third option for the nomination of candidates of political parties for election in the Electoral Act (Amendment) Bill, 2021.

This brings the options to three -direct primaries, indirect primaries and nomination by consensus. The House included the new provision in the bill on Tuesday after it had rescinded the earlier version it passed on Thursday, last week. This has brought the House' version in line with the Senate's, which already incorporated consensus as a third option for the nomination of candidates.

The step became necessary in order to speed up the passage of the bill and its transmission to President Muhammadu Buhari for his assent. Without the consensus option in the House' version of the bill would mean that both chambers would have to raise conference committees to reconcile their differences which could further delay the bill.

This House last week added indirect primaries to the bill. Unfortunately, on the other side, the Senate added both indirect primaries and consensus. This made it necessary for a conference committee of both chambers.

However, the leadership of the House met yesterday (Monday) and agreed to add consensus as well as some guidelines in order to speed up the process and have no need for a conference, provided that there will be some conditions to protect all aspirants.

The House proceeded to amend Clause 84, sub 1-13.

For instance, under 84 (2), nomination by consensus was added to the existing direct primaries and indirect primaries.

Also, 84 (3) was amended to clarify that nobody can be disqualified from contesting an election except in the manner prescribed in the 1999 Constitution (as amended).

The provision clearly states that in the event a political party opts for consensus candidacy, all other aspirants must indicate their withdrawal from the race by endorsing the candidate so nominated by the consensus.

Where the consensus option fails, the bill provides that all concerned shall revert to either direct or indirect primaries to nominate a candidate.

In addition, a consensus candidate shall be ratified at a special convention of the party.

The bill was then read for the third time and passed.
More photos below. 







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