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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DANGOTE REFINERY COMMISSIONING: LASG URGES RESIDENTS TO PLAN THEIR MOVEMENT AROUND LEKKI-EPE CORRIDOR.(PHOTO).#PRESS RELEASE.

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DANGOTE REFINERY COMMISSIONING: LASG URGES RESIDENTS TO PLAN THEIR MOVEMENT AROUND LEKKI-EPE CORRIDOR



… Charges LASTMA, Others on Effective Traffic Management

Ahead of the proposed commissioning of the Dangote Refinery by President Muhammadu Buhari on Monday, the 22nd of May, 2023, the Lagos State Government has urged residents to plan their movement in and out of the Lekki-Epe corridor between 8.00 am and 2.00 pm.

A statement signed by the Commissioner for Transportation, Dr. Frederic Oladeinde noted that it becomes imperative for the State Government to alert the public, particularly regular road users in the Lekki-Epe zone, of the high vehicular movement that will be witnessed in the axis as a result of the commissioning.

He advised concerned residents to plan their journeys around the axis in order to forestall avoidable delays in travel time.

Oladrinde added that Lagos State Traffic Management Authority (LASTMA) and other traffic enforcement Personnel have been charged to ensure effective management and control of traffic in the area, urging Motorists to also cooperate with them for a seamless flow of vehicular traffic. 

 

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