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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NASARAWA SUBEB THREATENS TO REVOKE CONTRACTS FOR VIOLATION OF AGREEMENTS.(PHOTO).

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NASARAWA SUBEB THREATENS TO REVOKE CONTRACTS FOR VIOLATION OF AGREEMENTS



Nasarawa State Universal Basic Education Board (NSUBEB) has given contractors handling construction and renovation of schools in the state one week to moblise to sites or have their contacts revoked.

A statement by the board’s Public Relations Officer (PRO), Gana Ahmed, on Sunday in Lafia, quoted the Director, Physical Planning, Muhammad Shuaibu Lakpa, as handing down the warning.

The affected contractors, according to the statement, were those handling the contracts for UBE 2020/ 2021 intervention.

The board expressed dismay over the failure of the contractors to resume at the sites long after the jobs were awarded, while giving them one week from Monday (yesterday) to do so or face the penalty.

The board also warned the contractors against shoddy jobs, insisting that the contract must be carried out according to specifications and timeline.

“It has come to the notice of the board that some contractors recently awarded contracts for the 2020/2021 UBE intervention have not resumed at the sites since the award of the contracts.

“They should move to sites immediately and deliver quality work and on time or consider their contracts forfeited,” it said.

It said the present administration was determined to improve the standard of education which was considered as key ingredient for fighting poverty in the state.

By Ahmed Tahir | Lafia

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