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

PROTEST ROCKS LOKOJA VARSITY OVER HIKE IN TUITION, PARENTS DEMAND SACK OF VC.(PHOTO).


PROTEST ROCKS LOKOJA VARSITY OVER HIKE IN TUITION, PARENTS DEMAND SACK OF VC


25th January, 2023.        

Some Parents and students of the Federal University LoKoja (FUL) have protested the planned three hundred per cent hike in tuition and other charges by the management of the institution.

This was as they called for the immediate removal of the Vice Chancellor, Professor Olayemi Akinwumi whom they described as having a “penchant for inflicting financial pains” on the hapless parents and students of the institution without recourse to economic realities facing the people.

Some of the parents who spoke to Daily Independent under anonymity urged the Management of the institution to reverse the increment in order not to deny the majority of students to higher education.

They decried the over 300% increment imposed by the new fee regime, saying that raising the fee from #55,000 to over #187:000 is inhuman and an attempt to deny the children of the poor of higher education.

Giving the breakdown of the planned fees for various categories of students, the parents said, “Remedial course which was N50,000 now N100,000 while fees for new intake which was N56,000 now moved to N188,500.

“New intake Art/social sciences students, will pay #183500 as against N55,000 just as the returning students are expected to pay N113,000 as against the former fees of N47,000” they quipped.

While lamenting at the shylock attitude of the vice chancellor, they disclosed that he has equally increased accommodation fees from #20,000; to #60,000 even the GST handbook sold to students at N1,500 per copy now increased to N6,500.

“The Vice-Chancellor is a civil servant and we expect that he should be aware of the current economic doldrum the people of this country are passing through. How can people pay their children’s school fees with the current increment when sources of income remained stagnant” they lamented.

Reacting to the protest, the Public Relations Officer of the university, Mr Daniel Iyke said there has not been any official release of any increase in the university charges.

He pointed out that the federal government due to the current economic situation can not effectively fund the education sector, noting that there has been an increase in charges from one university to another, stressing that if the federal university Lokoja is trying to consider an increase, it should not be totally out of place.

“However, it will be important for parents, students and the public to give us benefit of the doubt and be patient before the official release of any document to that effect before anybody can complain,” he said


 

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