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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ASUU STRIKE: MONEY SPENT ON POLITICS CAN MEET LECTURERS DEMANDS- SHEHU SANI.(PHOTO).

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ASUU strike: Money Spent On Politics Can Meet Lecturers’ Demands – Shehu Sani

Former Kaduna Central Senator, Shehu Sani, has suggested a way to end the ongoing strike by the Academic Staff Union of Universities, ASUU.

Sani said money spent on politics in Nigeria can easily meet the demands of ASUU.

ASUU had been on strike since February 2022 over the Federal Government’s inability to meet a 2019 agreement.

The Federal Government had refused to allow ASUU to use their own generated payment platform, University Transparency Accountability Solution, UTAS, among other demands.

Amid the prolonged strike, President Muhammadu Buhari had urged ASUU to call off its industrial action.

In a statement issued by his spokesman, Malam Garba Shehu, Buhari had said “truly, enough is enough” for keeping Nigerian students at home.

Reacting, Sani tweeted: “If you can calculate what is spent on politics, you will realise that this country can easily afford to meet the financial demands of ASUU with regards to our public university system.”



 

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