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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BUHARI SACKS CBN GOVERNOR,GODWIN EMEFIELE.(PHOTO).

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President Muhammadu Buhari has sacked the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele from his job, according to Intel region.

It was revealed that he may have been sacked in the early hours of Wednesday May 25.

His sack may not be unconnected to his ambition to succeed Buhari at the end of his tenure in 2023.

While there is nothing wrong with being ambitious with a presidential dream, Emefiele however flouted so many laws by declaring his interest to occupy the highest seat of power as a political appointee and wanted to remain as CBN governor without resigning his position to pursue his ambition.

After a public outcry by well meaning Nigerians, calling for his resignation shortly after a group of some faceless farmers purchased the N100m form of the All Progressives Congress (APC) for him and feigning ignorance of it, Emefiele would later approach a Federal High Court in Abuja to prevent the country’s electoral body Independent National Electoral Commission and the board of CBN rom disqualifying him from running for president.

Having failed to get the court to give judgment in his favour, Emefiele approached a Delta State High Court that eventually granted him his wish.

But in a curious twist, he withdrew the suit he filed against INEC and the Attorney-General of the Federation.

His exact reasons for withdrawing the suit remain unclear, but his counsel however explained that he prayed the court to discontinue the suit and make an order striking it out.

Buhari in response to the expression of interest by his appointees had ordered the resignation of every one of his cabinet members interested in vying for political offices in 2023.

Some of his appointees obeyed the order, many including the Godwin Emefiele failed to resign. Some who put in their resignation letters, withdrew them.

 

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