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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REPS PANEL TO SCREEN SERVICE CHIEFS MONDAY. (PHOTO).

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Reps panel to screen Service Chiefs Monday

The House of Representatives ad-hoc committee to screen the recently appointed Service Chiefs will on Monday engage the appointees as part of its assignment.

The panel, headed by the chairman of the Committee on Defence in the 9th House, Rep. Babajimi Benson (APC, Lagos), was constituted last Tuesday.

Speaker Abbas Tajudeen, Ph.D, who announced the setting up of the panel at plenary, said all the eight principal officers of the House from the majority and minority parties would be part of the ad-hoc committee.

The Majority Caucus has Hon. (Prof.) Julius Ihonvbere (APC, Edo) as Majority Leader; Hon. Abdullahi Ibrahim Halims (APC, Kogi), Deputy Majority Leader; Hon. Bello Usman Kumo (APC, Gombe), Chief Whip; and Hon. Adewunmi Oriyomi Onanuga (APC, Ogun) as Deputy Chief Whip.

The Minority Caucus equally has Hon. Kingsley Chinda (PDP, Rivers) as Minority Leader; Hon. Aliyu Sani Madaki (NNPP, Kano), Deputy Minority Leader; Hon. Ali Isa (PDP, Gombe), Minority Whip; and Hon. George Ozodinobi (LP, Anambra) as Deputy Minority Whip.

Consequently, the adhoc panel has scheduled a screening session with the newly appointed Service Chiefs on Monday, July 17, 2023.

The appointees billed for screening by the committee are Maj. Gen. C.G Musa as Chief of Defence Staff; Maj. Gen. T. A. Lagbaja as Chief of Army Staff; Rear Admiral E. A. Ogalla as Chief of Naval Staff and Air Vice Marshal H.B. Abubakar as Chief of Air Staff.

President Bola Ahmed Tinubu had on June 19 approved the immediate retirement of the former Service Chiefs, the ex-Inspector-General of Police and the ex-Comptroller-General of the Nigeria Customs Service and appointed their successors.

The President had conveyed the nominations and request for confirmation to the National Assembly via a letter dated July 5, 2023, addressed to President of the Senate, Senator Godswill Akpabio and Speaker Abbas Tajudeen, Ph.D.

 

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