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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BALANCE THE WORKFORCE FOR HIGHER PRODUCTIVITY- ICPC URGES FG. (PHOTOS).#PRESS RELEASE.

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Balance the Workforce for Higher Productivity – ICPC urges FG

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission ICPC, Prof. Bolaji Owasanoye, SAN, OFR, has called on the Federal Government to re-balance the workforce in order to realize a compensation system that is fair and aligns with productivity.

He made the call at the opening ceremony of a 2-day National Policy Forum on Compensation Management in Nigeria under the auspices of the Michael Imoudu National Institute for Labour Studies (MINILS) in collaboration with the National Salaries, Incomes and Wages Commission (NSIWC) and the Friedrich Ebert Stiftung Foundation (FES) held in Abuja recently.

Prof. Owasanoye said there was need for fair compensation, collective bargaining while canvassing for productivity as “what has not been produced cannot be shared.”

He noted regrettably that the workforce especially the public sector was misaligned, and groaning under the scourge of fake employment, ghost workers and wrong skill mix.

According to him, “A number of anti-corruption initiatives have overtime pruned down the number of ghost workers, but the malady of fake employment is work in progress with ICPC, the Head of the Civil Service and the Federal Civil Service Commission working together to tackle this malady.”

The ICPC boss suggested re-distribution or re-alignment of public sector skills to meet the needs of government and achieve higher productivity in the sector. He equally raised the issue of some critical sectors of government been under-resourced in human capital while others have redundant surplus thereby necessitating the right skill mix to be adopted urgently.

“We need to resolve this kind of anomaly with this conversation, while we discuss compensation management, we must be honest to discuss the things that will facilitate and enable fair compensation,” he concluded.

Earlier in his welcome address, Chairman of NSIWC, Mr. Ekpo Nta, said that the forum was born out of an urgent need to put to rest the re-occurring crisis with compensation in Nigeria.

More photos below. 



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