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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NO IKOYI LAGOS PROPERTIES SOLD BY NDLEA.(PHOTO).#PRESS RELEASE.

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No Ikoyi Lagos properties sold by NDLEA

The National Drug Law Enforcement Agency, NDLEA has described claims in an anonymous write up going round on WhatsApp platforms that a certain former Chairman/CEO of the Agency sold off its headquarters office buildings in Ikoyi, Lagos, leaving officers and men stranded, as a total distortion of facts.

The Agency wishes to state that buildings referred to in the circulating piece, which did not belong to it in the first place, served as its National Headquarters before its relocation to Abuja some years ago. It should be noted that a Presidential Implementation Committee (PIC) on Federal Government Landed Properties took over the buildings following a government directive that all vacated or underutilised government properties be taken over by the PIC, sold and proceeds paid to federal government coffers.

At the time of relocation, 70% of the Agencys headquarters staff moved to Abuja while the remaining 30% are still in Shaw road office, Ikoyi. This remaining 30% will soon join the main headquarters in Abuja as soon as the new HQ building, recently bought by the federal government for the Agency is ready for occupation.

Like other federal government agencies whose properties were taken over by the PIC, NDLEA has no hand in the sale of the mentioned properties and does not know who bought them and for how much, as the presidential committee solely handled the sale.

The challenge before the Agency at the moment is how to remove our officers and men who live within communities where they are exposed to dangers into secure barracks accommodation, a concern already being addressed by the federal government through budgetary provisions for the construction of such barracks across the country beginning from this year.

Members of the public are therefore urged to disregard the anonymous write up which is nothing but an embodiment of distortion and mischief.
 
Femi Babafemi
Director, Media & Advocacy
NDLEA Headquarters, Abuja
Wednesday 20th July 2022

 

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