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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ONLY AUTHORISED GOVERNMENT AGENCIES ARE ALLOWED TO ENFORCE PHYSICAL PLANNING LAWS – LASG.(PHOTO).#PRESS RELEASE.

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ONLY AUTHORISED GOVERNMENT AGENCIES ARE ALLOWED TO ENFORCE PHYSICAL PLANNING LAWS - LASG

The Lagos State Government has restated that only Government Agencies empowered by law are authorised to carry out physical planning enforcement exercises across the State.

The Commissioner for Physical Planning and Urban Development, Engr. Tayo Bamgbose-Martins made this known in Alausa on Thursday while reacting to reports in the media of the inauguration of an enforcement team by the Council of Registered Builders of Nigeria (CORBON) during the conference of the Nigerian Institute of Builders (NIOB) held the previous day.

Bamgbose-Martins explained that the Lagos State Urban and Regional Planning and Development Law 2019 as amended clearly vested the responsibility to regulate the built environment of the State in the Ministry of Physical Planning and Urban Development and its Agencies whilst the Government had not ceded the responsibility to any group or Individuals
He, therefore, urged stakeholders not to confuse the opportunity offered by the State Government for partnership in whistleblowing with the mandate to enforce the law, saying that whistleblowing is for maintaining vigilance and reporting observed infractions in the built environment to the appropriate authorities and not an avenue to take the law into their hands.
 
The Commissioner also warned that the State Government would not condone any unlawful enforcement drive capable of unduly belabouring the people and reversing the gains recorded in making Lagos a 21st Century Economy. 
 
 

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