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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ONITSHA TRADERS COMMEND CBN FOR THE EXTENSION. (PHOTO).#PRESS RELEASE.

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Extension of Deadline For Old Naira Notes: Onitsha Traders Commend CBN


BY Obianuju Azukaego/Nkiru Anakor 


The traders in Onitsha have expressed complacent over the extension  of new naira notes deadline, commending the Governor of Central Bank of Nigeria (CBN) Dr. Godwin Emefiele for his understanding.


The information officers reported that traders in Onitsha markets had mounted pressure on CBN to extend the deadline for old naira notes to cease being legal tender.


A trader at Ogbaru Main Market popularly known as Relief Market, Mr. Sunday Ogbuka said that the redesigned naira notes were in short supplies in commercial banks, alleging that the new money was being sold in black markets across markets in the State.


Mr. Ogbuka said that the extension of the deadline to Feb. 10 by CBN was a prayer answered as many of his fellow traders were clamouring for the extension.


He said that other traders during the sensitisation of traders in major markets in Onitsha at the weekend by officials of the Central Bank were not happy about the short notice deadline of the old naira notes.


One of the traders, Mr. Chigozie Ezenwa said: “The old notes are expected to be out of circulation by January 31 yet there is scarcity of the new notes as banks keep dispensing old notes to their customers".


The information officers also gathered that different stakeholders, including Monarchs and Religious Leaders in the State had mounted pressure on CBN officials during advocacy visits on them to extend the deadline in order to allow the new notes to circulate well and ensure the mop up of the old notes.


The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.


In a press statement issued on Sunday, Dr. Emefiele, the CBN Governor, said the new deadline is Feb.10. (MOI)


The information officers report from Onitsha


RNI

 

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