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

HOW TO GET NIGERIANS OUT OF POVERTY- OBASANJO. (PHOTO).



How To Get Nigerians Out Of Poverty — Obasanjo 

Former President Olusegun Obasanjo, on Saturday, said the best way to get Nigerians out abject poverty is by turning the country’s growing population to asset.

Obasanjo, who lamented that over 100 million Nigerians are living in poverty, insisted that only investment in human development and education would turn Nigeria’s population from liability to asset.

He said this in a keynote address titled: “Importance of Network in Life and Business” during the launch of the Gateway chapter of Business Network International (BNI) in Abeokuta, Ogun State.

Obasanjo said, “We lay emphasis on our natural resources and when we talk of our natural resources, we are talking of mine, oil and gas, gold, whatever we can find in the bush or under the ground. But for me, our most important natural resources is human being.

“By the year 2050, we will be the third largest country in the world with a population of well over 450 million. Only China and India will be larger than us in population. That can be an asset and it can be a liability.

“I won’t say more than that for now because that requires a whole day to discuss how not to make it a liability, what we have to do to make our population an asset.

“I like the goals that you have set for yourself in BNI in Nigeria, to support 25,000 businesses, to support one million families and if you take an average of one family being five – father, mother and three children, we are talking of five million people.

“Well, you may say, give million out of 230 million people, so how much is that? But it means a lot. In a situation where over 100 million of us are in abject poverty, if five million can be raised out of poverty, it means we are doing a lot.”

He commended BNI for its plan to support over 25,000 businesses and one million families through growth in employment and value creation and to contribute N650billion annually to Nigeria’s Gross Domestic Product (GDP).

Obasanjo said, BNI’s plan would go a long way in raising no fewer than five million Nigerians out of poverty.

The President of the Gateway chapter of BNI, Ronke Daniel, disclosed that the organisation had been supporting business owners in more than 70 countries to grow.

Daniel noted that the objective of the organisation is to grow businesses and empower operators of Small and Medium Scale Enterprises (SMSEs) to reach their maximum potentials.



 

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