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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CBN STICKS TO PRESIDENTIAL DIRECTIVE TO REISSUE ONLY 200 NAIRA OLD BANKNOTES. (PHOTO).#PRESS RELEASE.

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CBN Sticks to Presidential Directive to Reissue only 200 Naira Old Banknotes.



www.cn.gov.ng

Central Bank of Nigeria

Press Release


CBN Sticks to Presidential Directive to Reissue only 200 Naira Old Banknotes


The attention of the Central Bank of Nigeria has been drawn to a FAKE PRESS RELEASE

purported to have emanated from the Bank to the effect that President Muhammadu Buhari

has approved the reissuance and release of old N500 and N1000 notes as legal tender in

the county.


For the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the

directives of Mr. President, only N200 old notes are to be reissued and to circulate

concurrently with the new notes. Members of the public are therefore advised to ignore this

fake news.


The Bank is working with the law entorcement agencies to investigate, apprehend and


prosecute the purveyors of this fake news.


Please be guided accordingly.


CumA


Edward L. Adamu


Osita Nwanisobi


Deputy Governor, Corporate Services


Director, Corporate Communications


February 21, 2023


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