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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ARREST,QUESTIONING AND DETENTION OF OYO STATE ACCOUNTANT GENERAL ON FRIDAY.(PHOTO).#PRESS RELEASE.

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Press Release on the Arrest, Questioning and Detention of the Oyo State Accountant General on Friday, February 25, 2022, and Subsequent Release on Monday, February 28, 2022

For Immediate Release
The Oyo State Government is using this medium to update the good people of Oyo State regarding the arrest, questioning and detention of the Oyo State Accountant General on Friday, February 25, 2022, and subsequent release on Monday, February 28, 2022. The continued harassment and intimidation of the Accountant General and other officials of the state government by the Economic and Financial Crimes Commission (EFCC) is totally unconstitutional and unacceptable and is being contested in a court of competent jurisdiction.  
The EFCC and its officials have, since last year been mounting pressure on Oyo State and its officials to provide documents regarding disbursements and expenditure of the Consolidated Revenue Fund, Contingencies Fund and Security Vote lawfully approved and passed into Appropriation Law of Oyo State by the Oyo State House of Assembly. This is despite the fact that the Supreme Court of Nigeria has decided in a long line of cases that the EFCC lacks the powers to prosecute issues that are not corruption cases.
We would like to put it on record that by virtue of Section 128 (1) and (2) of the Constitution of the Federal Republic of Nigeria 1999, unless and until the Oyo State House of Assembly reports or exposes any corruption, inefficiency or waste in the execution or administration of laws within its legislative competence and in the disbursement or administration of funds appropriated by it to the Executive Governor of Oyo State and Commissioner for Finance, Section 6 (h) of the EFCC Establishment Act 2004 (as amended) cannot be triggered. The Oyo State House of Assembly has not made any such reports and thus the actions so far by the EFCC and the EFCC Chairman are unconstitutional and ultra-vires.
In line with this conviction, the Oyo State Government had approached the Federal High Court, in the Ibadan Judicial Division on February 8, 2022, for declaratory reliefs and to among other things, issue an order of perpetual injunction restraining the Defendants (1. Attorney General of the Federation; 2. Economic and Financial Crimes Commission; 3. President of the Federal Republic Of Nigeria and 4. The Chairman EFCC) their functionaries or agencies or whosoever from interfering with the activities of any government officials in Oyo State (i.e. any public officer or functionary or officer or servant of the government of Oyo State) in the exercise of powers purported to be conferred by or under the provisions of the EFCC Act, 2004 with relation to the expenditure and or spending of the Oyo State Government or security votes as vested in the Governor of Oyo State.
The EFCC had brazenly refused service of the processes at the Abuja Head Office for reasons unknown to the law but as of today, March 1, 2022, at the hearing in Ibadan, Hon Justice N. Agomoh directed the EFCC to accept service of the Oyo State Government originating processes and pending applications in the full glare of the Court. The Trial Judge also ordered that all forms of arrest and intimidation by the EFCC should cease. The case has been adjourned to the March 9, 2022 for the hearing of all applications.
The arrest of the Oyo State Accountant General on Friday, February 25, 2022, was a desperate and malicious attempt at thwarting a constitutional process that had already been instituted at the Federal High Court, Ibadan, with a hearing date of Monday, March 1, 2022.
The Government of Oyo State refuses to be intimidated, cowed or distracted from its one goal of providing good governance. His Excellency, the Executive Governor of Oyo State, remains committed to fidelity, accountability, integrity, transparency and honesty which has been the hallmark of this administration since its inception on May 29, 2019 and urges the good people of Oyo State to remain undeterred as this is just another in the series of hurdles that they and indeed all right-thinking Nigerians as a whole must cross in their determination to rescue Nigeria. 
Signed
Dr Wasiu Olatubosun
Commissioner for Information, Culture and Tourism
Oyo State
March 1, 2022

 

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