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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MINISTER OF POWER APPLAUDS PMB FOR THE COMPLETION OF ZUNGERU DAM IN NIGER STATE. (PHOTOS).

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Minister of Power Applauds PMB for the Completion of Zungeru Dam in Niger State.

President Muhammadu Buhari led administration has been applauded for sustaining and completing the Zungeru Hydroelectric Power Project in Niger state.

Minister of Power Engineer Abubakar Aliyu said this when together with the Chairman Senate Committee on Power Senator Gabriel Suswan joined Governor Abubakar Sani Bello of Niger state on a fact finding mission to the project site.

Engineer Abubakar Aliyu maintained that adding seven hundred megawatt to the National grid is no doubt a huge success which he said the last time a big dam like this was constructed in nineteen sixty.

He however said the work is completed and that all necessary measures are being put in place at the National Council on Privatisation to tidy up the concession deal with Mainstream Energy as as the preferred bidder.

Niger state Governor Alh Abubakar Sani Bello commended President Muhammadu Buhari for completing the project being the fourth in Niger state saying that Nigerlites and beyond will benefit from such gesture.

Alh Abubakar Sani Bello said people of Niger state will no doubt have access to electricity and provide great opportunity to communities around from training job opportunities and lots more.

He however said that they are doing more to secure the project stressing that at ninety nine percent the project is ready for commissioning.

Chairman Senate Committee on Power Senator Gabriel Suswan explained that members of the National Assembly had doubts about the concessioning of the project and did not want Nigerians to be short changed.

He said they have started investigation on the circumstances surrounding the concessioning of the project.

More photos below. 



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