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 PLEDGES EQUITY,FAIRNESS AND JUSTICE TI ITSEKIRIS. (PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI PLEDGES EQUITY, FAIRNESS AND JUSTICE TO ITSEKIRIS


President Muhammadu Buhari has pledged a fair deal to the Itsekiri people of Delta State, while also extolling the patriotism of His Royal Majesty, Tsola Emiko, Ogiame Atuwatse III, the Olu of Warri Kingdom.

The President spoke at State House, Abuja, Wednesday, while receiving the monarch and some of his chiefs.

“I’m grateful for your visit, and impressed by your patriotism. I’ve taken note of your requests, and will work on them as soon as politically possible,” President Buhari said.

The Olu of Warri said the visit was to primarily thank the President for sending a high-powered delegation to his coronation as the 21st monarch of the Kingdom, “and for your kind felicitation, goodwill and solidarity.”

He pledged the loyalty of Itsekiri people to “one united Nigeria, as we support your government’s aspiration to provide security and economic prosperity to all Nigerians, irrespective of tribe, creed or religion.”

Describing President Buhari as “a dogged patriot and fervent believer in Project Nigeria,” the Olu drew attention to what he called “some burning issues that are dear to our hearts.”

The issues included the under-utilization of the four ports in Warri, Koko, Sapele, and Burutu, all in Delta State, reconstitution of the NDDC Board, immortalizing the first Finance Minister of the country, Chief Festus Okotie-Eboh, and resuscitation of the Ogidigben EPZ Project, which has reportedly been abandoned. 

On the NDDC Board, he said he believed the President would soon reconstitute it, “as an interested party, we genuinely want a better deal for us in the Niger Delta, as we believe charity begins at home. By this, we mean that we Niger Deltans must be ready to put the betterment of our people first in all we do. Putting our people first is the only way to make our lives better.”

On the entourage of the Olu of Warri were Chiefs Brown Mene, Oma Eyewuoma, Thomas Ereyitomi, Daniel Reyeju, Dere Awosika, and Mr Julius Rone.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

January 26, 2022

 

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