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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UNITY SCHOOLS: PARENTS RAISE ALARM OVER ALLEGED HIKE IN SCHOOL FEES.(PHOTO).

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Unity Schools: Parents raise alarm over alleged hike in school fees

…urges President Tinubu to reverse increment

Nigerian Parents Forum, Thursday appealed to President Bola Ahmed Tinubu to prevail on the Federal Ministry of Education to reverse the over 100% increment on fees paid by Students in Federal Government Colleges or Unity schools,

The group described the increment as arbitrary, insensitive, ill-timed and inconsistent with President Tinubu’s promise of welfare programmes to help Nigerian parents cope with the economic challenges posed by fuel subsidy removal in the country.

Disclosing this in a statement, the National coordinator of the Forum, Mr. Monday Eze, who stated this while interacting with Journalists further decried the lack of qualified teachers, hostels, classrooms, science and technical workshops in the six Federal Science and Technical Colleges established in the six geopolitical zones in 2021.

He charged the new administration to provide those essential amenities for the use of the Colleges.

Eze asked the Federal Government to investigate allegations of extortion of money and materials from students under the guise of class and hostel levies by the management of the schools.

According to him, demand for various office equipment and household utensils from students on termly basis were also trending in the Federal Government Colleges.

“Last term total sum of every student’s fee was N30, 500.00 only.

“The fees has been increased to a total sum is N72, 000. 00 per student. This is over 100% increment.”

 

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