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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PRESIDENT BUHARI ATTENDS BARROW’S INAUGURATION TO STRESS THE NEED FOR SUSTENANCE OF DEMOCRACY ACROSS THE WEST AFRICAN SUB-REGION.(PHOTOS)#PRESS RELEASE.

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PRESIDENT BUHARI ATTENDS BARROW’S INAUGURATION TO STRESS THE NEED FOR SUSTENANCE OF DEMOCRACY ACROSS THE WEST AFRICAN SUB-REGION

President Muhammadu Buhari ON Wednesday in Banjul attended the inauguration of Adama Barrow, the Gambian President for a second term, as a mark of Nigeria’s strong commitment towards the entrenchment of democracy and good governance in The Gambia and the West African sub region.

Nigeria supported the entrenchment of democracy and good governance in The Gambia following the refusal of Yahya Jammeh the former leader, to surrender power after losing an election and has remained resolute in ensuring that democracy is sustained in the country. Jammeh only agreed to leave after the Nigerian military had made a landing in Banjul, the capital.

The presence of President Muhammadu Buhari in Banjul for the event equally underlined the affinity between Nigeria and The Gambia and indicates the value that Nigeria places on the need to strengthen democratic governance, the rule of law and promotion of fundamental human rights in our sub-region.

It is a testament to the fact that as West Africans, our destinies are tied together, and that Nigeria will continue to offer necessary support within ECOWAS to ensure that member states adhere to these cherished democratic ideals.

At repeated occasions, Nigeria continues to assure The Gambia of assistance through the establishment of strong bilateral economic institutions that will allow the private sectors of the two countries to collaborate in the areas of investment, manufacturing, shipping and air transportation.

There are clear indications that The Gambia’s business environment has gained a lot of attractiveness from Nigerian enterprises.

In addition to this, Volunteers from Nigeria’s Technical Aid Corps (TAC) scheme will soon be made available to assist The Gambia to play active parts in vital sectors, such as education, health services, rural development, justice, security, public health, infrastructure development, environment and entrepreneurship.

Almost five years ago, on January 26, 2017, The Gambia faced a difficult political crisis. ECOWAS, with the strong backing of the AU and the UN, intervened to restore democracy to this beautiful country.

The Presidential inauguration in Banjul was done in the presence of African leaders and a jubilant crowd of Gambians at the Independence Stadium, Bakau.

The Nigerian delegation joined the others in commending The Gambian President as well as the Government and people of the Republic for a peaceful election after a successful first tenure in office.

 

Garba Shehu

Senior Special Assistant to the President

(Media and Publicity)

January 19, 2022





 

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