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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PMB APPOINTS SEGUN AWOLOWO AS SECRETARY, NATIONAL ACTION COMMITTEE ON AFCFTA.(PHOTO).#PRESS RELEASE.

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 PRESIDENT BUHARI APPOINTS SEGUN AWOLOWO AS SECRETARY, NATIONAL ACTION COMMITTEE ON AFCFTA


President Muhammadu Buhari has approved the appointment of Mr. Olusegun Awolowo as the Secretary, National Action Committee on the African Continental Free Trade Area (AfCFTA) for a tenure of four (4) years with effect from 19th December, 2022.


As Secretary, Mr Awolowo is expected to provide direction to the National Action Committee on the AfCFTA for effective coordination of relevant stakeholders towards the attainment of Nigeria's strategic national interest.


Mr Awolowo, a Law graduate from Ogun State University (now Olabisi Onabanjo University), Ago Iwoye, has served as Special Assistant to former Presidents Olusegun Obasanjo and the late Umaru Musa Yar’Adua. He also worked with the Federal Capital Territory Administration (FCTA), Abuja as Secretary for Social Development and Transport from 2007 to 2011.


Mr Awolowo was the Executive Director/CEO of the Nigerian Export Promotion Council between 2013 and 2022, serving two tenures.


 


Femi Adesina


Special Adviser to the President


(Media & Publicity)


January 31, 2023

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