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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PRESIDENT BUHARI GREETS FIRST INDIGENOUS RAILWAY MD/CEO, ELDER NATH OKORO, ON 92ND BIRTHDAY.(PHOTO).#PRESS RELEASE.

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 PRESIDENT BUHARI GREETS FIRST INDIGENOUS RAILWAY MD/CEO, ELDER NATH OKORO, ON 92ND BIRTHDAY

 


President Muhammadu Buhari rejoices with the first indigenous Managing Director of Nigerian Railways Corporation (NRC), Elder Nath C.U. Okoro, on his 92nd birthday, congratulating the veteran for his pioneering work on rail transportation in the country.

 

President Buhari felicitates with friends, family and associates of Elder Okoro on the auspicious occasion, giving glory to God for long life and strength, particularly considering his contributions to national development, with the commendable record of founding the Nigerian Institute of Transport Technology (NITT).

 

As the former MD of NRC turns 92, the President notes his service to the country, and passion for ensuring an effective transportation system, serving as the Principal Consultant, Federal Urban Mass Transit Programme (FUMTP) and President of the Chartered Institute of Transport, Nigeria, now known as Chartered Institute of Logistics and Transport (CILT).

 

As the former Vice President, West Africa, of the Union of African Railways (UAR), the President extols Elder Okoro for representing Nigeria creditably in sub-regional and global associations, and ensuring that the interest of the country comes first in all negotiations.

 

The President prays that almighty God will grant Elder Okoro good health and strength to further see the fruits of his dreams for the railways.

 

Femi Adesina

Special Adviser to the President

(Media & Publicity)

March 12, 2023

Comments

  1. Anonymous12 March 2023 at 20:03

    Mr Femi Adesina weldone. You are the one rejoicing and not the president who is in Quarta at the moment

    ReplyDelete

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