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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LASG ANNOUNCES TRAFFIC DIVERSION AT APAPA DOCKYARD ROAD FOR LEVEL CROSSING MAINTENANCE.(PHOTO).#PRESS RELEASE.

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LASG ANNOUNCES TRAFFIC DIVERSION AT APAPA DOCKYARD ROAD FOR LEVEL CROSSING MAINTENANCE

The Lagos State Government has announced that traffic will be diverted at Apapa Dockyard Road from 6:00 pm on Sunday, 23rd of January till 6:00 am on Monday, 24th January, 2022 for maintenance works on the Level Crossing in continuation of the Nigerian Railway Modernisation Project (Lagos-Ibadan section).

A statement signed by the Honourable Commissioner for Transportation, Dr. Frederic Oladeinde disclosed further that the maintenance works were vital to keeping the rail track in proper condition to ensure the safety of the commuting public.

Explaining the traffic diversion plan, he stated that while a side of the road is being repaired, a counterflow will be created on the free lane to enable motorists plying the route to reach their desired destinations without much difficulty.

Oladeinde urged road users to cooperate with the Lagos State Traffic Management Authority (LASTMA) to minimise inconveniences that may be experienced during the maintenance period.

The Commissioner also appealed to residents, especially motorists plying the axis, to fully comply with the interventions made available to ease traffic flow, as the project is aimed at achieving a seamless Multi-Modal Transport System that will provide viable options for movement and subsequently meet the transportation needs of the State’s large population.

 

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