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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PRESIDENT BUHARI LAUDS NYSC @50.(PHOTO).

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President Buhari Lauds NYSC @ 50

 

President Muhammadu Buhari has stressed that the  National Youth Service Corps, NYSC, has achieved the goal of national integration, by providing opportunities for cross-cultural interactions, and establishing a bridge for improved understanding. 

In a statement commemorating the 50th anniversary of the Corps, the President commends former Head of State, retired General Yakubu Gowon, for the wisdom of establishing the Corps in 1973.

President Buhari congratulates the former Head of State, and all Directors General of the Corps, for inspiring and sustaining a 50-year legacy that has strengthened a web of solidarity, ignited loyalty to the nation, broadened the horizon of citizens, promoted civic responsiveness, created a better understanding of various individual and ethnic identities, their diversities, and underscored the bottom-line of the common values of fairness, justice, peace and unity.

The President believes the NYSC remains one the strongest ideals of nation-building, institutionally-encouraging inter-cultural and inter-religious marriages, resettling of people of various tribes in different parts of the country, exploration of entrepreneurship and business opportunities in places, removing insularity among citizens, and enabling a new culture of oneness, brotherliness and neighbourliness.

President Buhari affirms that the scheme must be sustained, with a constant reminder of the history, structure and purpose, that should not be abused, trivialised or undermined for any reason, by keeping a focus on the larger picture that Nigeria’s unity is a process and a collective responsibility that must not be negotiated. 

The President shares the joyous season  of the milestone with all those that have enjoyed the adventures of the scheme, and have been sharing memories and pictures with nostalgia, while wishing potential corps members all the best as they move to different parts of the country, to share and explore new experiences of the diversity of Nigeria. 

President Buhari recalls that one of the joys and highlights of his administration has been the annual ritual of receiving corps members in his country home in Daura, Katsina State, during Eid-el-Fitr Sallah, and the conversations that follow in getting to know their various states, languages, family trees and educational institutions, and asking about their welfare, noting that two visiting Presidents from Niger Republic and Guinea participated and enjoyed such interactions.

President Buhari thanked the Nigerian Army, Directors General of the NYSC, and various private and public institutions for providing the enabling environment for the success of the scheme.



 

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