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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PRESIDENT BUHARI SIGNS NATIONAL HEALTH AUTHORITY BILL INTO LAW. (PHOTO).#PRESS RELEASE.

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IN BID TO ACHIEVE UNIVERSAL COVERAGE,PRESIDENT BUHARI SIGNS NATIONAL HEALTH AUTHORITY BILL INTO LAW

*83 Million Poor Nigerians to Enjoy Coverage.

President Muhammadu Buhari has signed into law, the recently passed National Health Insurance Authority Bill 2022, repealing thereby, the National Health Insurance Scheme Act, Cap N42, Laws of the Federation of Nigeria 2004.

President Buhari said at the signing of the new law that a Fund will be set up “to ensure coverage of 83 million poor Nigerians who cannot afford to pay premiums as recommended by the Lancet Nigeria Commission.”

He then went on to elaborate on how the Fund will be sourced: “For the large number of vulnerable individuals who are not able to pay health insurance premiums, a Vulnerable Group Fund will be set up to include a component of the Basic Health Care Provision Fund due to the Authority, Health Insurance Levy, Special Intervention Fund, and any investment proceeds, donations and gifts to the Authority.”

The President announced that the Authority will collaborate with state government Health Insurance Schemes to accredit primary and secondary health facilities and enroll Nigerians into the scheme in order to ensure the delivery of quality health care.

The new Act also enables the Authority and state governments to develop information management systems and digital records for better data collection, monitoring and quality assurance.

President Buhari tasked the Health Reform Committee to work with state governments, the Federal Ministry of Health and the National Health Insurance Authority to ensure the implementation of the articles in the new Act.

 

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