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: PRESIDENT BUHARI MEETS WITH PRO-CHANCELLORS OF VARSITIES, PROMISES FURTHER CONSULTATIONS.(PHOTO).#PRESS RELEASE.

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ASUU STRIKE: PRESIDENT BUHARI MEETS WITH PRO-CHANCELLORS OF VARSITIES, PROMISES FURTHER CONSULTATIONS


President Muhammadu Buhari Friday at State House, Abuja, met with the Chairman and select members of Pro-Chancellors of Federal Universities, promising to engage in further consultations with relevant stakeholders, towards ending the protracted strike by university lecturers, under the aegis of Academic Staff Union of Universities (ASUU).
 
The President said without necessarily going back on what is already established policy, “I will make further consultations, and I’ll get back to you.”
 
The Pro-Chancellors were led to the meeting by Professor Nimi Briggs, who said they had come to meet with the President in three capacities: “As President and Commander-in-Chief, as father of the nation, and as Visitor to the Federal universities.”
 
He added that despite the pall cast by more than seven months of industrial action, “the future of university system in the country is good,” citing as example the recent listing of the University of Ibadan among the first 1,000 universities in the world, a development occurring for the first time.
 
Prof Briggs commended Federal Government for concessions already made to the striking lecturers, including the offer to raise salaries by 23.5% across board, and 35% for Professors. He, however, asked for “further inching up of the salary, in view of the economic situation of the country.”
 
The Pro-Chancellors also asked for a reconsideration of the No-Work, No-Pay stance of government, promising that lecturers would make up for time lost as soon as an amicable situation was reached, and schools reopened.
 
Minister of State for Education, Goodluck Nana Opiah, said all the concessions made by Federal Government were to ensure that the industrial action comes to an end, but ASUU has remained adamant.
 
Femi Adesina
Special Adviser to the President
(Media and Publicity)
September 16, 2022


 

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