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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GOV. ABIODUN HAILS APPOINTMENT OF EGBETOKUN AS ACTING IGP.(PHOTO).#PRESS RELEASE.

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Abiodun hails appointment of Egbetokun as Acting IGP

Ogun State Governor, Prince Dapo Abiodun, has congratulated the newly appointed Inspector General of Police (IGP) by President Bola Ahmed Tinubu, Mr. Kayode Egbetokun.

Egbetokun’s appointment in acting capacity, pending approval by the Senate, was announced on Monday, alongside those of other Service Chiefs, the National Security Adviser and the Comptroller of Customs (CG).

Egbetokun, an indigene of Ogun State, was a Deputy Inspector General of Police (DIG), prior to his elevation to replace IGP Usman Alkali Baba.

Prince Abiodun, in a statement from the Governor’s Office, said the elevations of Egbetokun and others were well deserved as they possessed the competence to excel in their new positions.

The governor said that the appointment of Egbetokun is an honour to Ogun State, adding that the new IGP, having worked in various commands, formations and departments of the police across the country, would bring his wealth of experience to bear on the job.

Abiodun said: "I congratulate Mr. Kayode Egbetokun on his elevation to the exalted office of the Inspector General of Police (IGP) by President Bola Ahmed Tinubu.

"This is an honour done to us in Ogun State. I believe in the capacity of the new police helmsman to deliver on his mandate to secure Nigeria.

“I am confident that Egbetokun will bring his wealth of experience, garnered over the years, to bear on his new assignment. Our people are noted for hard work, competence and dignity.

“I believe that the new IGP will meet the expectations of Nigerians in bequeathing a competent, trustworthy, accountable, courageous and honest police force to the nation.”

The governor praised President Tinubu for the confidence reposed in Egbetokun in recognition of his competence and capacity to deliver.

 

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