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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LAGOS ISSUES FRESH UPDATE FOR RESIDENTS OF IKOYI, LEKKI, VICTORIA ISLAND, OTHERS.(VIDEO/PHOTO).#PRESS RELEASE.

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LAGOS ISSUES FRESH UPDATE FOR RESIDENTS OF IKOYI, LEKKI, VICTORIA ISLAND, OTHERS


Lagos State Government on Monday issued a fresh update to all waterfront residents of highbrow Ikoyi, Lekki and Victoria Island and coastal areas of Epe and Badagry to be wary of backflow due to the high tide in the Lagos Lagoon.

A statement signed by the State Commissioner for the Environment and Water Resources, Tunji Bello, explained that the latest advisory had become necessary due to the high tide of the Lagos Lagoon.

Bello stressed that the high tide of the Lagoon has made it difficult for storm run-off from the various channels to discharge effectively into the lagoon which may cause a stagnation into the streets and major roads until the level of the lagoon subsides to allow for a discharge of the channels.

He described the trending video of the water level under the Third Mainland Bridge almost being filled to the brim as fake news, stating that the video only captures the Oworonshoki end of the Third Mainland Bridge which is normal because the area is a deck-on pile.

He cautioned people, especially individuals on social media, against posting panicky messages to residents in order to create unnecessary anxiety amongst the public.

Bello advised all the residents of the affected areas in Lagos Island and other coastal areas to monitor the incidental rains regularly, ensure situational awareness at all times, refrain from dumping refuse in the drains and clean their tertiary drains regularly

He reiterated that the earlier flood advisory issued by the State to the effect that all those on the banks of Ogun River, particularly residents of Ketu, Alapere, Agric, Owode Onirin, Ajegunle, Alagbole, Kara, Isheri Olowora, Araromi, Otun Orisha community, Agiliti, Maidan, Mile 12, Odo Ogun, Owode Elede, Agboyi I, Agboyi II, Agboyi II and Agboyi III remain vigilant at this period.

The Commissioner stressed that the State has embarked on and is continuing massive drainage clearance and the construction of new channels in addition to continuous deployment of the quick response Emergency Flood Abatement Gang to free up manholes and blackspots to ensure the optimum capacity of the drains to contain run-offs.

Watch video below.


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