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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SENATE CONFIRMS GEN TARFA, ALKALI, OTHERS AS NEDC BOARD MEMBERS. (PHOTO).

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Senate confirms Gen Tarfa, Alkali, others as NEDC board members


26th Jul 2023 


The Senate on Wednesday confirmed the nomination of General Paul Tarfa (Adamawa – North East) for reappointment as the chairman of the board of the North East Development Commission (NEDC).


The nomination of Mr. Mohammad Goni Alkali (Borno State) for reappointment as Managing Director of the NEDC was also confirmed.


The confirmation of Tarfa and Alkali for reappointment followed their screening by the Senate in a Committee of the Whole.


Other nominees that were confirmed are Gambo Maikomo (member, Taraba State); Abdullahi Abbas, member of Kano State); Tsav Stephen Aondoana, member, North-Central, Benue); Mutiu Lawal-Areh, member, South-West, Lagos) and Samuel Ifeanyi Onuigbo, member (South-East, Abia).


Also confirmed are Frank Owhor, member (South-South, Rivers); Musa Yashi, Executive Director of Humanitarian Affairs (North-East, Bauchi); Ahmed Abdulsalam Yahaya, Executive Director of Operations, (North-East, Gombe) and Abubakar Garba Iliya, Executive Director Administration and Finance, (North-East, Yobe).


President Bola Ahmed Tinubu had, in a letter addressed to Senate President Godswill Akpiabio and read at plenary last week, asked the Senate to confirm the nominees for appointment as members of the board.


The President said the request was in line with Section 5(b) of the NEDC (Establishment) Act.


“I write to present for confirmation by the Distinguished members of the Senate, the appointment of the Chairman and members of Executive Management of the board of the North-East Development Commission.


“May I hope that the request will receive the usual expeditious consideration of the Senate,” Tinubu said in the letter. 

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