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

BOKO HARAM FOUNDERS TOLD ME POVERTY, UNEMPLOYMENT CAUSED INSURGENCY- OBASANJO. (PHOTO).




Boko Haram founders told me poverty, unemployment caused insurgency – Obasanjo


Former President Olusegun Obasanjo on Friday said in the early days of Boko Haram insurgency in the North-East, he was told by the founders of the terrorist group that poverty and unemployment drove them into the crime.


He however warned that the country’s over 20 million out-of-school children were a breeding ground for more ‘Boko Haram members of the future’ if not urgently tackled.


He stated these at the launch of a book titled, ‘Pillars of Statecraft: Nation-building in a changing world’ authored by his daughter, Dr Kofo Obasanjo-Blackshire, at an event in Lagos.


Responding to a question by a member of the audience on why government policies had become more political than people-centered in recent times, he said part of the country’s major problems was looking for scapegoats for its problems.


He stated further, “During the early days of Boko Haram, when the man who started the movement was said to have been killed, I said I wanted to meet with the members of the group to talk to them and know what they wanted.


“I met with their representatives and found out that they needed nothing but a better life for themselves. Can we blame them for wanting a better life for themselves?


“They said they believed in Sharia Law. I told them that Sharia was not a problem in Nigeria. It is part of our constitution.”


According to the former president, some of the members of the insurgent group told him that they went to school but had no jobs.


He added, “Do we blame them if after four years, they have no jobs? Are they not entitled to a livelihood? This boils down to one of the P’s of nation-building – politics – which talks about governance and leadership.


“If that (leadership) is not properly taken care of, every other thing will go haywire,” he said.


He also added that Nigerians must learn to face their own problems squarely rather than blaming others for it.


He said, “We must ask, ‘What do we do with our people? How do we raise and value them? How do we value them?’


“We have over 20 million out-of-school children. Google how many countries in the world have less than 20m. That doesn’t worry us? Are you thinking there will be no Boko Haram tomorrow?


“Those are the foundations of your Boko Haram tomorrow. That should be our concern. We should not say it is externally induced. Is poverty also externally induced? Poverty is the conscious, unconscious choice of our leaders. If we say no; it would be no. If we say yes; it would be yes.”

 

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