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

NIGERIA DECIMATING TERRORISTS,BANDITS- LAI MOHAMMED.(PHOTO).#PRESS RELEASE.


PRESS RELEASE

Nigeria Decimating Terrorists, Bandits - Minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has said Nigeria is witnessing a progressive decimation of terrorists and
insurgents in order to secure the country.

The Minister made the remarks in Calabar at a joint press conference with Cross River State Governor, Prof. Ben Ayade, during a ceremony to
mark the 2022 World Tourism Day.

He said infrastructure and adequate security are necessary for tourism to thrive.

“I am bold to say here that in the last three months, even our worst critics will agree that the government has gotten the handle on
security issues. In the area of insecurity, I want to assure you that the worst is over,” Alhaji Mohammed said.

He said when the situation in the country in 2015 is compared with what obtains in 2022, there is incontrovertible evidence to support
the government’s position that the worst is over.

“It’s unfortunate that people who comment on insecurity fail to start from where we were in 2015 and where we are today.

“In 2015, the entire North East of the country was a no-go area. When I was appointed Minister in 2015, one of the first tasks I embarked upon was to go with a team of foreign and local journalists to the North East, in particular to Maiduguri, Kaure, Konduga and Bama, to see firsthand the effect of Boko Haram insurgency

“That’s on 5th December 2015 and I needed air force jets to escort me from Maiduguri to Bama, which is about 68 kilometers. Apart from our
convoy, we didn’t see any other vehicular traffic on the road. All the houses in Bama were destroyed by Boko Haram. There were no schools in the North East and no hospitals. Telecom services were destroyed,” the
Minister said.

He said at the moment, the North East is once again accessible because of the government’s efforts.

On the economy, Alhaji Mohammed said the activities of vandals in the Niger Delta is causing the government to lose about 700,000 barrels of
crude oil per day, thereby denying the government huge revenue and foreign exchange.

He however expressed delight that the renewed deployment of technology and the synergy between government security forces and private
security companies have achieved success in the fight against oil bunkering.

Segun Adeyemi 
Special Assistant to the President (Media)
Office of the Minister of Information and Culture
27 Sept. 2022

 

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