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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BUILDING CONTROL AGENCY REMOVES ILLEGAL STRUCTURE UNDER POWERLINE.(PHOTO).#PRESS RELEASE.

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BUILDING CONTROL AGENCY REMOVES ILLEGAL STRUCTURE UNDER POWERLINE


The Lagos State Building Control Agency (LASBCA) has removed an illegal structure built under a Powerline adjacent Hamed Adebowale Street, Aguda area of the State.


According to the General Manager of LASBCA, Arc. Gbolahan Owodunni Oki, the building under the powerline is a disaster waiting to happen because of the electromagnetic waves from it which may cause a fire outbreak hence the need for its removal.

Oki stated that the State Urban and Regional Planning and Development Law does not permit owners/developers to construct buildings under high-power electricity cables and it also specifies the distance that should be observed between a property and a public utility such as the PHCN Power lines. 
He reiterated the State Government’s commitment to safeguarding the lives and properties of Lagosians through thorough identification of illegal and non-conforming structures in the State, especially structures built under high-tension wire. “The safety and protection of lives and properties of the citizenry are paramount to the State Government.

Owners/developers must ensure that their buildings are not built under powerlines or high tension wires as such illegality will not be condoned by the present administration”, he stated. The General Manager also revealed that the agency would intensify its effort to rid the State of illegality in the built environment by ensuring that the State Building Codes are strictly complied with. 
Oki further enjoined the public to desist from erecting structures such as shops, offices, and residential houses amongst others under high-tension cables because of the immediate danger such an act poses.

He advised owners/developers to always abide by the building rules by fencing their structures and keeping all building materials within their space and not on the roads.

He also called on Lagosians to report any building irregularity noticed in their localities to the Agency for prompt and necessary action.  


 

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