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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OKADA: LAGOS GOVT EXTENDS BAN TO 4 MORE LGAS, 5 LCDAS FROM SEPT 1.(PHOTO).#PRESS RELEASE.

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OKADA: LAGOS GOVT EXTENDS BAN TO 4 MORE LGAS, 5 LCDAS FROM SEPT 1


…7,500 Commercial Motorcycles Impounded, Crushed Since June 1

…‘Enforcement’ll Be Total, Livelihood Support For Willing Riders’ - Govt

Lagos State Government, on Thursday, extended a ban on the activities of commercial motorcycles, popularly known as Okada, to four more Local Government Areas (LGAs) and six Local Council Development Areas (LCDAs).

Effective from September 1, 2022, Governor Babajide Sanwo-Olu directed enforcement teams to fully implement the proscription order and bust erring riders across the councils listed in the Okada ban.

The additional places are Kosofe, Oshodi-Isolo, Somolu and Mushin Local Government Areas. The Development Area Councils are Ikosi-Isheri LCDA, Agboyi-Ketu LCDA, Isolo LCDA, Bariga LCDA, and Odi-Olowo LCDA.


 

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