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 MUHAMMADU BUHARI TO DECLARE OPEN, AFRICAN STUDENT AND YOUTH SUMMIT IN ABUJA.(PHOTO).#PRESS RELEASE.

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FEDERAL MINISTRY OF SPORTS AND YOUTH DEVELOPMENT, ABUJA 

PRESS RELEASE 

PRESIDENT MUHAMMADU BUHARI TO DECLARE OPEN, AFRICAN STUDENT AND  YOUTH SUMMIT IN ABUJA


President Muhammadu Buhari is expected to declare open the 2023 Commonwealth Youth and Students Summit,  African Region in Abuja tomorrow, Tuesday 9th May, 2023, following his approval of Nigeria to host the Summit. 

The Honourable Minister of Sports and Youth Development,  Mr Sunday Dare, in his Office in Abuja today, stated that the Summit is jointly organized by the Youth Division of the Commonwealth Secretariat and the Commonwealth Youth Programme, in collaboration with the Federal Ministry of Youth and Sports Development of Nigeria. 

He stated that the Summit is an international forum  where young people interact with Heads of Government and make direct inputs into their commitment towards the development of the youth of their countries.

Dare therefore called on the youth to remain focused so as to derive maximum benefits from the Summit with a view to contributing positively to the socio-economic development of the African Region.

The Minister informed further that a total of about 5000 young people from 21 African Countries within the Commonwealth as well as Five (5) Heads of Government, Eleven (11) Ministers of Youth from selected African countries, and other notable leaders are expected at the Summit.

Signed
Mohammed Manga 
Director, Press and Public Relations 
May 8, 2023


 

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