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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NIGERIA NEEDS CHANGE OF NAME IN 2023- MOGHALU. (PHOTO).

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Nigeria needs change of name in 2023, says Moghalu

1 January 2023 

Former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu, has said the country needs a change of name in 2023. 

He argued that the country’s name conjures too many bad memories. 

His proposal, however, elicited a flurry of reactions especially from social media users.

Some argued that the country does not need a change of name but good leaders. 

Others supported Moghalu’s proposal, and added that constitutional review and restructuring should also be overwhelming pushed forward

Moghalu on his verified Twitter handle said: “I agree with those who argue that that Nigeria needs a change of name. 

“If a serious leadership emerges in 2023 and we can agree on a name that has deep meaning that can unite the country, it would be a powerful symbolism. Backed with good governance, it can give Nigeria new life

“The name Nigeria conjures too many bad memories. ‘Wazobia’? ‘Songhai’?” (The Nation)


 

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