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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GOV. SANWO-OLU ATTENDS OFFICIAL SIGNING CEREMONY OF LASG SERIES I (100B BOND) AND SERIES II (UP TO 20B SUKUK) TODAY.(PHOTOS).#PRESS RELEASE.

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PGOV SANWO-OLU ATTENDS OFFICIAL SIGNING CEREMONY OF LASG SERIES I (100B BOND) AND SERIES II (UP TO 20B SUKUK) 


AT THE LAGOS HOUSE, ALAUSA, IKEJA, ON TUESDAY, 23RD MAY, 2023


" I am excited to share exciting news that will greatly boost the short and long term development of Lagos. We've raised N134.8 billion in long-tenure bonds, marking another record in accessing capital market funds. 


This investment will fuel key infrastructure projects in sectors such as education, electricity, roads, and agriculture. 


Today, we signed the transaction instruments for the first sets of allotment in the N1 trillion Debt and Hybrid Issuance Programme. This includes a 10-year tenure bond and a shariah-compliant Sukuk. 


With the proceeds from the bond and Sukuk, we'll be executing various projects pre-inspected by the Securities and Exchange Commission. This includes overhauling 33 public schools in Ajegunle, road infrastructure on the Lekki-Epe corridor, drainage works, and more. 


The investments we've secured will not only boost infrastructure development but also stimulate economic growth, create job opportunities, and enhance the quality of life for Lagos residents. 


This successful bond issuance demonstrates Lagos' resilience and the trust investors have in our ability to judiciously deploy funds for development. I want to express my gratitude to the investors who believe in our tremendous potential. 


We remain committed to transparency and disciplined financial decisions as we build a Greater Lagos for generations to come.".


PIX 1166: Lagos State Governor , Mr Babajide Sanwo-Olu (middle), Deputy Governor, Dr Obafemi Hamzat (left) and Commissioner for Finance, Dr Rabiu Olowo (right) during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 5090 L-R: Lagos State Governor , Mr Babajide Sanwo-Olu; Commissioner for Finance, Dr Rabiu Olowo and committee chairman on Finance, Lagos House of Assembly, Hon Rotimi Olowo  during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 1243 L-R: Permanent Secretary, Debt Management Office; Lagos State, Mrs Rukayat Alake Sanusi;  Attorney General/Commissioner for Justice, Mr Moyosore Onigbanjo, SAN; Deputy Governor, Dr Obafemi Hamzat; Managing Director, Chapel Hill Denham Advisory, Mrs Kemi Awodein; Governor Babajide Sanwo-Olu; Director, Lotus Financial Services Ltd., Mrs Ajara Adeola; Commissioner for Finance, Dr Rabiu Olowo;  committee chairman on Finance, Lagos House of Assembly, Hon Rotimi Olowo and Commissioner for Economic Planning and Budget, Mr Sam Egube during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 5092 L-R: Lagos State Attorney General/Commissioner for Justice, Mr Moyosore Onigbanjo, SAN; Deputy Governor, Dr Obafemi Hamzat; Governor Babajide Sanwo-Olu; Commissioner for Finance, Dr Rabiu Olowo and his counterpart for Economic Planning and Budget, Mr Sam Egube during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 5103 L-R: Lagos State Attorney General/Commissioner for Justice, Mr Moyosore Onigbanjo, SAN; Deputy Governor, Dr Obafemi Hamzat;  Managing Director, Chapel Hill Denham Advisory, Mrs Kemi Awodein; Governor Babajide Sanwo-Olu; Director, Lotus Financial Services Ltd., Mrs Ajara Adeola; Commissioner for Finance, Dr Rabiu Olowo and committee chairman on Finance, Lagos House of Assembly, Hon Rotimi Olowo during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


 


PIX 1330: Lagos State Governor , Mr Babajide Sanwo-Olu, flanked by Deputy Governor, Dr. Obafemi Hamzat (left), Commissioner for Finance, Dr Rabiu Olowo (right) and others during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.

More photos below. 





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