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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PROPOSED N8,000 SUBSIDY PALLIATIVE IS A LOT TO MANY FAMILIES- GOV. SULE.(PHOTO).

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Proposed N8,000 Subsidy Palliative Is A Lot To Many Families – Gov. Sule

The Governor of Nasarawa State, Abdullahi Sule, says he disagrees with those arguing that the proposed N8,000 palliative by the Federal Government won’t do much to cushion the effects of the removal of fuel subsidy on poor Nigerians.

The governor, who spoke to Newsmen on Friday, insisted that N8,000 is a lot of money for so many poor families in the country who don’t get to see such an amount in a month.

“We were sharing only N5,000 and believe me there were so many people that were waiting for that N5,000 every month. Indeed there were some communities that were able to do some kind of contributions and they were able to do a lot in their various communities.

“So, N8,000 may not be so much money to some people, but it is a lot to so many other people who are from very poor families that don’t see N8,000 every month. So, the only thing is that let us identify those families,” Governor Sule said.


 

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