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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FAYOSE: " I AM CONVINCED THAT PRESIDENT TINUBU HAS TAKEN THE BEST AND THE WISEST DECISION FOR THE COLLECTIVE GOOD OF NIGERIA AND ITS PEOPLE. (PHOTO).#PRESS RELEASE.

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On this removal of fuel subsidy, I am convinced that President Tinubu has taken the best and the wisest decision for the collective good of Nigeria and its people. He promised to remove subsidy, he never hide it.


Most importantly too, the immediate past govt already removed fuel subsidy technically by not making provision for it in the 2023 budget.

I appeal to Nigerians to bear with the govt for now as the present hardship will ease out with time.

Removing the fuel subsidy is the best thing to do and it has to be done once and for all.

Unfortunately too, the subsidy regime had only been benefiting a few people in the oil industry and Nigeria must break this chains once and for all.

No doubt, President Tinubu is not a magician who can manufacture money. He can only strategically reposition the country, using his experience and intellect, which he has started.

Many govts have come and paid lip service to all these issues, it is time to sustain our country by taking decisions that may be seen as harsh, but can return the country back to the path of progress.

The NLC and all interested parties, especially ordinary Nigerians should realize that the last administration did more damage and the new govt can only be finding ways and means to stabilize the country.

Sadly, like typical Nigerians who are always desirous of taking advantage of every situation, the fuel marketers are only interested in making money for themselves and methinks the govt should come very hard on them this time. Anyone among them found to be hoarding fuel or selling at  exorbitant rate should be dealt with.

~ Ayodele Fayose




 

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