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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WIKE APPLAUDE TINUBU'S ACTONS TOWARDS EMEFIELE. (PHOTO).

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Former Governor of Rivers State, Nyesom Wike, has applauded President Bola Tinubu’s suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).

Last night, President Tinubu suspended Emefiele and directed him to immediately hand over to the Apex bank’s Deputy Governor (Operations Directorate) Folashodun Shonubi.

Reacting to the development, Wike who was one of the critics of Emefiele’s policies, especially the Naira redesign, described the President’s decision as bold and timely.

The former Rivers State Governor also commanded President Tinubu for approving uniformity in the retirement age and pension of judicial officers in the country, according to a statement by his media team.

He said the President’s action will introduce a new lease of life to the nation’s judiciary.

Wike noted that he and other G5 members are impressed that the President is showing “focused and exemplary leadership that will lead the county to prosperity.”

 

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