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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PRESIDENT BUHARI NAMES ONOCHIE NDDC'S BOARD CHAIRMAN. (PHOTO ).

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Buhari names Onochie NDDC’s Board Chairman

President Muhammadu Buhari on Wednesday urged the Senate to confirm the nomination of his Special Adviser on Social Media, Lauretta Onochie, for appointment as the substantive Chairman of the Board of the Niger Delta Development Commission (NDDC).

Senate President Ahmad Lawan read Buhari's letter containing the request at plenary.

The President also nominated others as members of the Board including Chief Dr Samuel Ibukun as Managing Director.

The NDDC board nominees, according to the letter, are Laureta Ifeanyi Onochie (Delta, South-South) as Chairman; Dimgba Erugba State representative (Abia, South-East); Dr Ene Wilcox (Akwa Ibom, State Representative, South-South); Dr Pius Odudu (Edo, South-South); Hon. Gbenga Odegba (Ondo, South-West) and Engr. Anthony Ekene (Imo, South-East).

Also on the board list are Mr. Onyekachi Dimgba (Rivers, South-South); Alhaji Mohammed Kabiru Abubakar (Zonal Representative, Nasarawa); Professor Tallen Mamma, SAN (North-East Representative, Adamawa); Sodique Sani (North-West, Zonal Representative); General Charles Ehigie Airhiavbere (Rtd) (Executive Director of Finance) and Charles Ogunmola (Executive Director Project, South-West).

 

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