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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LASG EVACUATES RESIDENTS OF DISTRESSED BUILDING ON LAGOS ISLAND.(PHOTO).#PRESS RELEASE

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Says Demolition of Structure Imminent
 
The Lagos State Building Control Agency (LASBCA) has commenced the evacuation of a distressed five-floor building at No. 13/17 Breadfruit Street, Lagos, ahead of the planned demolition of the structure.
 
The General Manager of the Agency, Arc. Gbolahan Oki, explained that the evacuation exercise is in compliance with a Court Order that directed LASBCA to evacuate the occupants of the distressed building and seal it up for public safety. 
Explaining further, Oki said: “Despite the court ruling since October 2021 and several pleas with the occupants to vacate the distressed building for safety purposes, the residents had remained unyielding, hence the decision of the State Government to enforce the ruling of the court”. 
 
He reiterated that Lagosians should always endeavour to build by the rules and prioritise safety, warning that government would not hesitate to bring the full weight of the law on anyone trying to compromise its efforts at achieving a sustainable and liveable environment in the State. 

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