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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CANADA TO WELCOME 465,000 NIGERIANS,OTHERS AS PERMANENT RESIDENTS IN 2023 AMID LABOUR SHORTAGE.(PHOTO).

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Canada To Welcome 465,000 Nigerians, Others As Permanent Residents In 2023 Amid Labour Shortage

The Canadian government has revealed its immigration plan to welcome half a million immigrants, including Nigerians, each year by 2025 to tackle the labour shortage.

Minister of Immigration, Refugees and Citizenship Sean Fraser released Canada’s 2023-2025 Immigration Levels Plan, which embraces immigration to help businesses find workers and attract the skills required in key sectors.

According to the new release from the immigration ministry, the Canadian economy is now facing critical labour market shortages causing uncertainty for Canadian businesses and workers.

The ambitious immigration plan will manage Canada’s social and economic challenges in the decades ahead.

In 2021 Canada welcomed over 405,000 newcomers, the most in a single year.

According to the plan, the government is continuing that ambition by setting targets in the new levels plan of 465,000 permanent residents in 2023, 485,000 in 2024, and 500,000 in 2025.


 

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