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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FG APPOINTS INTERIM MANAGEMENT COMMITTEE (IMC) TO OVERSEE NIGERIA BASKETBALL.(PHOTO).#PRESS RELEASE.

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FEDERAL MINISTRY OF YOUTH AND SPORTS DEVELOPMENT

PRESS STATEMENT 

FG Appoints Interim Management Committee(IMC) to Oversee Nigeria Basketball 

Following the recent directives of President Muhammadu Buhari on the state of basketball in the country and its withdrawal from all International basketball competitions for the next two years, the Federal Government, through the Ministry of Youth and Sports Development has announced the members of the Interim Management Committee(IMC) to oversee the development of the sport in Nigeria.

Their names are as stated below -
 
1. Dr. Henry Nzekwu​   
2. ​Mr. Udon Ubon Humapwa​
3. Mr. Frank Jitubhoh ​
4. Zenith Bank  -​              Representative
5. Prof. Adamu Ahmed  
6. Mr. Peter Nelson    -​         
7. Group Captain Rahinatu Garba - 
8. Aderemi Adewunmi  -           
9. Oluchi Nzekwe 
10. Sani Adio ( SAN)

The Committee is to draw up programmes that will revamp basketball from the grassroots in Nigeria, revive its moribund domestic leagues and attract cooperate sponsors for the development of the game.

Signed 
Mohammed Manga 
Director (Press & Press Relations)
May 23, 2022


 

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