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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OYO ASSEMBLY PASSES OYSCATECH BILL 2021 INTO LAW .(PHOTO).

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OYO ASSEMBLY PASSES OYSCATECH BILL 2021 INTO LAW 


Oyo State House of Assembly, Tuesday passed the Oyo State College of Agriculture And Technology, OYSCATECH, Bill 2021 into law after scaling through the third reading at the floor of the house.

The passage of the Bill was sequel to the presentation and consideration of the report of the House Joint Committee on Education and Agriculture and Rural Development.

The Chairman of the committee, Hon. Peter Ojedokun said the bill will strengthen the institution and promote agriculture in Oyo State.

The Bill is to provide for the establishment, incorporation, constitution and functions of the Oyo State College of Agriculture And Technology, Igboora following its upgrade to a Polytechnic.

The College was upgraded to a Polytechnic in 2016, and can award National Diploma Certificate and Higher National Certificate.

 

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