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

DEMOCRACY DAY: SENATE PRESIDENT URGES MAXIMUM SUPPORT FOR TINUBU GOVT.(PHOTO).#PRESS RELEASE


Democracy Day: Senate President urges maximum support for Tinubu govt

The President of the Senate, Ahmad Lawan has urged Nigerians to give maximum support to President Bola Ahmed Tinubu and his new administration.

In his Democracy Day message, Lawan said he had no doubt that this new government would take Nigeria to greater heights and urged the people to accord it their utmost cooperation and support.

The Senate President also urged the 10th National Assembly to be inaugurated on Tuesday to consider it worthwhile to relate harmoniously with the executive arm of government for the benefit of Nigerians.

The full text reads:

"I heartily felicitate Nigerians on this occasion of Democracy Day.

"As we all know, our great Nation identified great national ethos in the 1993 Presidential Election, which was universally adjudged to be free and fair, as worthy of annual commemoration.

"That Election, despite its unfortunate annulment, was a watershed in the political history of Nigeria.

"Although June 12 represented an initial setback in our democratic journey, the lessons it served has tremendously strenghtened our resolve to be a united and democratic nation that is the pride of Africa and Black people across the world.

"I salute the heroes and heroines of Democracy in Nigeria. My special tribute to Bashorun M. K. O. Abiola and the other men and women who made the supreme sacrifice for the survival of democracy in our country. This Day shall forever affirm that their labour was not in vain.

"Nigeria has taken giant strides in its democratic journey. We can proudly note that this Fourth Republic is already the longest in our history and that it is also growing stronger. The onus is on us individually and collectively to continue to play our parts in sustaining the gains that we have made towards firmly entrenching democracy on our land.

"We have just witnessed the inauguration of new governments at the federal and state levels after keenly contested free and fair elections. It behoves on us as a people to give our utmost support to the new administration of President Bola Ahmed Tinubu as he strives to deliver on his promise of a Renewed Hope for Nigeria.

"I have no doubt that this new government will take Nigeria to greater heights. So let's accord it our utmost cooperation and support.

"The 10th National Assembly is due for inauguration on Tuesday. It is my sincere hope that the new Assembly will relate harmoniously with the Executive arm of government for the benefit of the people.

"Wishing you all a happy Democracy Day."

Signed:

Ola Awoniyi
Special Adviser(Media)
to President of the Senate

Sunday, 11th June, 2023

 

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