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 TINUBU RECEIVES TUMULTUOUS WELCOME UPON RETURN TO LAGOS .(PHOTO).#PRESS RELEASE

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STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU RECEIVES TUMULTUOUS WELCOME UPON RETURN TO LAGOS 



President Bola Tinubu has expressed his profound gratitude to Nigerians for the overwhelming reception accorded him in Lagos on Tuesday, conveying his best wishes to all Nigerians during the Eid-el-Kabir celebrations.  

The President received a tumultuous welcome from a massive crowd of Nigerians upon his return to Lagos, following his seven-day trip abroad.  

He had traveled to Paris, France to attend the summit on ''A New Global Financing Pact'' and had also made a brief private visit to London, United Kingdom. 

As President Tinubu's convoy made its way from Ikeja to his private residence in Bourdillon, Ikoyi, Lagosians lined the road from Murtala Muhammed International Airport (MMIA), enthusiastically waving and expressing their joy.  

This marks the President's first visit to Lagos since his inauguration as Nigeria's 16th President on May 29, 2023. 

Upon his arrival at the presidential wing of MMIA, Governor Babajide Sanwo-Olu of Lagos State, Chief of Staff to the President, Femi Gbajabiamila, Acting Inspector-General of Police Olukayode Egbetokun, National Security Adviser, Nuhu Ribadu, Senators and Representatives from Lagos State, as well as party officials warmly received President Tinubu.  

The 81 Division of the Nigerian Army in conjunction with personnel from the Nigerian Navy and Nigerian Air Force also mounted a guard of honour for him, while the standing troupe of the Lagos State Council for Arts and Culture entertained guests. 

President Tinubu is scheduled to join fellow Muslim faithful for the Eid prayers on Wednesday at the Obalende Eid Prayer Ground, located at Dodan Barracks, the former seat of the Nigerian government.

 

Dele Alake 

Special Adviser to the President 

Special Duties, Communications and Strategy 

June 27, 2023

 

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