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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NGF HOLDS VALEDICTORY MEETING ON WEDNESDAY AS 17 MEMBERS DEPART.(PHOTO).

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NGF Holds Valedictory Meeting As 17 Members Depart

The Nigeria Governors’ Forum NGF will be holding its 2023 valedictory meeting Wednesday 26th of April 2023.

According to an invitation to all the 36 Governors, issued by the Director-General of the Forum Mr Asishana Okauru, the meeting will be the 5th physical meeting in 2023, as the four earlier meetings during the year had been virtual.

It further states that after the Chairman’s brief and parting remarks, the floor would be open for valedictories from members. 

 Seventeen Governors are leaving the Forum, having completed their terms of office, while adequate arrangements have been put in place for the induction of new Governors and returning ones which is coming up between 14th and 17 of next month. 

The meeting will also end the Leadership of Governors’ Fayemi/Tambuwal in the Forum as another Chairman is expected to emerge among Governors of majority party. 


 

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