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

FG URGES NIGERIANS TO CONSIDER BICYCLES FOR TRANSPORTATION. (PHOTO).



FG urges Nigerians to consider bicycles for transportation


The Federal Ministry of Transportation has encouraged Nigerians to consider bicycles as alternative means of commuting.


Vanguard reports that the Director, Road Transport and Mass Transit Administration, Musa Ibrahim, stated this at a one-day stakeholders sensitization meeting held in Abuja. According to the report, Ibrahim said the idea is to enhance and heighten the importance of cycling in Nigeria as it will obviously lead to a drop in road crash incidences.


Ibrahim noted that the stakeholders sensitisation meeting is in consonance with the World Bicycle Day that is marked annually on June 3 through a United Nations General Assembly (UNGA) resolution.


According to the Director, the World Bicycle Day recognises “The uniqueness, longevity and versatility of the bicycle as a simple, affordable, reliable, clean and environmentally fit sustainable means of transport, fostering environmental stewardship and health” hence the United Nations 2023 World Bicycle Day theme: ‘Riding Together for a Sustainable Future’.


Speaking further, the Director noted that proponents have equally encouraged the use of bicycles as a means of eradicating poverty, furthering sustainable development, strengthening education, including physical education, for children and young people; promoting health, preventing disease, and facilitating social inclusion.

 

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