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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BUHARI SACKS GIADOM AS HYPREP PROJECT COORDINATOR. (PHOTO).

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Buhari sacks Giadom as HYPREP Project coordinator 

The President, Major General Muhammadu Buhari (retd.), on Tuesday, approved the termination of the appointment of the Project Coordinator of the Hydrocarbon Pollution Remediation Project, Dr Giadom Dumbari. 

He also approved the appointment of Professor Nanibarini Zabbey as the new HYREP Chief. 

This is according to a tweet sighted by The PUNCH on the official Twitter handle of the Nigerian Presidency, @NGRPresident, which announced the change of leadership late Tuesday. 

It read “President @MBuhari has approved the termination of the appointment of the @HYPREPNigeria Project Coordinator, Dr. Ferdinand Giadom, and the appointment of Prof. Nanibarini Zabbey as the new Project Coordinator, with immediate effect.” 

Giadom who was appointed by the President in early March for a tenure of four years leaves office after barely 14 months.Related News

The announcement was contained In a statement by the Federal Ministry of Environment, signed by Media Aid to the Minister, Olusegun Shogbola. 

It read, “His Excellency PRESIDENT MUHAMMADU BUHARI GCFR has approved the termination of the appointment of Hydrocarbon Pollution Remediation Project Project Coordinator Dr Ferdinand Giadom, to be replaced with PROF. NANIBARINI ZABBEY as the new Project Coordinator of HYPREP with immediate effect.

“Prof Nanibarini Zabbey is a foremost and renowned Ogoni expert on hydrobiology and has extensive experience and background on remediation-related activities with bias in bio-monitoring and restoration ecology.

“Until his appointment, he was a Senior lecturer at the Department of Fisheries Faculty of Agriculture, University of Port Harcourt. He is the first African recipient of the Association of the Sciences of Limnology and Oceanography 2022 Ruth Patrick Award for research and engagement with a critical impact on the recovery of the Niger Delta ecosystem from oil spills and environmental justice for affected communities.


 

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