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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WE ARE GLAD MR PRESIDENT HAS BOWED TO PRESSURE AND SIGNED THE AMMENDMENT ELECTORAL ACT INTO LAW- GOV. WIKE.(PHOTO).#PRESS RELEASE.

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We are glad Mr President has bowed to pressure and signed the ammended electoral act into law but he shouldn't have allowed Nigerians pass through this level of emotions and tension before doing the right thing. 

This ammendment is a victory for Nigerians as it would reduce electoral violence, give credibility to our electoral process and make popular acceptance the route to public office. 

Mr President's call for an ammendment of the clause which requires political appointees to resign before contesting party primaries is questionable. It is obvious he is trying to influence the process in favour of his appointees that might want to contest elections. 

Laws should be made in the interest of Nigerians and not for a few cronies. If he believes in free and fair elections and for everyone to have a level playing field Mr President wouldn't demand for an ammendment of the clause which requires political appointees to resign before participating in party primaries. 

I commend the National Assembly for listening to the voice of Nigerians and including the usage of smart card readers and electronic transmission of results in our laws.

To everyone who spoke up, advocated and insisted on the signing of the ammended electoral act, your effort has paid off, your voice has been heard and you have made a key contribution to the development of credibility in our electoral system.

 

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