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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

PRESIDENT BUHARI PROMISES TO HONOUR AGREEMENTS WITH ASUU. (PHOTO).#PRESS RELEASE.



STATE HOUSE PRESS RELEASE
PRESIDENT BUHARI PROMISES TO HONOUR AGREEMENTS WITH ASUU
 


President Muhammadu Buhari says the Federal Government remains committed to honouring promises made to the Academic Staff Union of Universities (ASUU) to prevent disruptive strikes, engender uninterrupted academic programmes and improve funding of education institutions.

The President made the pledge on Tuesday in Abuja while receiving members of the Nigeria Inter-Religious Council (NIREC) led by the Co-Chairs, the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar, and the President of the Christian Association of Nigeria, Rev’d Dr. Samson Olasupo Ayokunle.

Commending the leadership of NIREC for intervening in the year-long strike by ASUU and holding consultations with the parties, the President said no society which wishes itself well neglects its educational system and all its component parts.

President Buhari urged NIREC that in its subsequent consultations with members of ASUU, it is important that they share with them that Government regards them and the service they provide to the nation very highly.
 

''However, they should be cognizant of the fiscal pressures that we are currently facing. Nevertheless, we remain committed to honoring our promises.

''For their part, I would like to encourage ASUU to continue to work with us towards finding resolutions to the challenges that confront us.

''My administration is committed to this engagement and dialogue, and I urge them to stay the course towards a joint resolution in the best interest of our children and nation,'' he said.

Responding to issues raised by the leadership of NIREC on finding sustainable solutions to the perennial and disruptive strikes that threaten the sanctity and integrity of the nation’s university system, the President said he had directed his Chief of Staff, the Honourable Ministers of Labour and Employment and Education to make resolving this issue a priority.

The President said he had received briefing from the Minister of Labour, detailing where we are today given the various interested parties, and he apprised the meeting as follows:
 

''To show our commitment, several payments have been made over the last 6 months, addressing several of the issues you raised - details of which the Minister of Labour and Employment can make available to you.

''Funding has also been provided for infrastructure development across several public universities and several of them have begun drawing down on this facility to improve their level of infrastructure
 
''Finally, and perhaps the most contentious of issues regarding the decision to use either the Integrated Payroll and Personal Information System (IPPIS) or the University Transparency Accountability Solutions (UTAS).
 

''As you may be aware, IPPIS was introduced as a means of blocking leakages. Through IPPIS, the Federal Government was able to save over N100 billion annually from the core civil service alone. In view of the resistance from ASUU we devised UTAS which is now on the table.

''I have also been informed that the System Assessment Report conducted by NITDA has been shared by the Minister of Communications and Digital Economy to all stakeholders including ASUU, and they are to make the appropriate modifications and report their recommendations.''

CAN President, while speaking on behalf of the Council, said the meeting with the President was on the single point of averting strikes in the universities and the challenges of ASUU, which they consider to be of national interest.

Dr Ayokunle told the President that from NIREC’s meeting with ASUU on January 10, 2022, the university lecturers outlined that the bone of contention between the Union and Federal Government centred on eight issues including inconclusive renegotiation of 2009 ASUU-FGN agreement, UTAS, IPPIS and distortion in salary payment challenges.
 

According to him, other contentious issues are visitation panels to Federal Universities report issues, funding for revitalisation of public universities, earned academic allowance, state universities and promotion arrears.

The NIREC leadership, while acknowledging that some of the issues have been addressed by the Government, appealed to President Buhari to direct the immediate return to the table to conclude the re-negotiation of the 2009 agreement.
 

''If the renegotiation process continues to conclusion, issues that the Government is not comfortable with can be re-negotiated with a view to reaching only implementable agreements. We believe that with renegotiation in place, other issues will be adequately addressed along the line,'' the NIREC Co-Chair said.

 

Femi Adesina
Special Adviser to the President
(Media & Publicity)

 

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