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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UNIVERSITY VICE CHANCELLOR DIES SUDDENLY IN LAGOS. (PHOTO).

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University Vice Chancellor dies suddenly in Lagos


The Vice-Chancellor of Achievers University, Owo, Professor Samuel Aje, is dead.

The Vice-Chancellor was said to have travelled to Lagos for Christmas break last week Friday and passed on in the early hours of Thursday.

The cause of Aje’s death who assumed as the institution’s Vice-Chancellor in June 2020, was still unknown at the time of filing this report.

Confirming the death, the Head of Media and Protocols of the university, Mr Adebayo Olagunju, said the institution awaits the cause of the VC’s death.

He described the sudden death of Prof. Aje as “sad and unfortunate” and said the whole university community was shocked when the news first broke out.

“The family would soon issue further details on the incident,” Olagunju stated.

A senior lecturer in the school, on condition of anonymity, also said the death of the Vice Chancellor was shocking and devastating.

“We were very shocked when we heard the news of his death. There was no sign of sickness on him before the Christmas break and we are yet to know the real cause of his death,” he said.


 

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