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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NAIRA REDESIGN: YOU MUST PUT ARABIC SIGN ON EVERY NOTE- MURIC TO CBN.(PHOTO).

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Naira Redesign: You Must Put Arabic Sign On Every Note - MURIC To CBN

Muslim Rights Concern (MURIC) has supported the move by the Central Bank of Nigeria (CBN) to redesign the naira.

However, the Islamic human rights organization gave the condition that Arabic Ajami must be inscribed on all naira denominations.

MURIC stated this in a statement issued on Tuesday by the group’s director, Professor Ishaq Akintola.

The statement reads in part: “The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced on October 26 2022, the plan by the CBN to redesign the naira.

“MURIC hereby expresses its support for the project with the proviso that all the denominations must contain Arabic inscriptions just as they had been before Arabic Ajami was conspiratorially and unjustly removed from some denominations.”

MURIC insisted that the removal of Arabic Ajami from naira notes in the past provoked Muslims and caused division within the country, adding that only its return to all denominations can heal the wound.

According to the Islamic group, in 2005, ex-President Olusegun Obasanjo fired the first salvo against the naira note during his eight-year rule as a civilian president (1999–2007). Obasanjo removed the Arabic Ajami from 5, 10, 20 and 50 naira denominations.

It added that ex-President Goodluck Jonathan also took the cue from Obasanjo by removing Arabic Ajami from the 100 naira note when he discharged the commemorative centenary banknote on December 19, 2014.


 

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