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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FG BEGINS PAYMENT OF 40% PERCENT SALARY RISE ARREARS.(PHOTO).

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FG begins payment of 40 percent salary rise arrears 

23 April 2023 

The Federal Government has commenced the payment of the 40 per cent pay rise arrears for civil servants, it has been reliably learnt.

Some federal civil servants on Saturday said workers started receiving bank alerts of the arrears on Saturday, April 22, 2023.

A high-ranking civil servant who spoke to our correspondent anonymously in Ilorin, the Kwara State capital, noted that the arrears came in alongside the April 2023 salary.

“I received my own arrears today. Some of our other colleagues have also confirmed receipt of their arrears. It came in alongside our April salary," he said.

Another civil servant who confirmed the development via a chat with “Yes, it is true. Though I am a teacher with a Federal Government school, I can confirm to you that I received my April 2023 salary alongside my arrears.”

It was earlier reported that the regime of  President Muhammadu Buhari,  proposed a 40 per cent pay rise for workers to cushion the effects of the planned removal of fuel subsidy.

The spokesperson for the Ministry of Labour, Employment and Productivity, Olajide Oshundun, noted that the rise will be applicable to all workers from level 1 to 17.

Earlier in March, the Minister of Labour and Employment, Chris Ngige, disclosed that the Federal Government.


 

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