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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SUBSIDY PALLIATIVE: APC GOVT. DOESN’T TREAT NIGERIANS AS HUMAN BEINGS- DELE FAROTIMI. (PHOTO).

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Subsidy palliative: APC govt doesn’t treat Nigerians as human beings – Dele Farotim

A lawyer and political analyst, Dele Farotimi, has accused the ruling All Progressives Congress, APC, of neglecting ordinary Nigerians in their subsidy palliative approach.

In an interview with Arise Television on Thursday, Farotimi took a swipe at the ruling party over the alleged N70 billion proposed palliatives for the National Assembly members.

According to him, the Federal Government budgeted N70 billion for less than 500 people and proposed what is “essentially nothing” to the masses.

He argued that the measures have not adequately addressed citizens’ concerns, reflecting a disconnect between the federal government and the people emphasizing that the APC lacks the will to improve the lives of Nigerians.

He said, “Nothing makes sense in Nigeria anymore. What we do now is just trying to survive. The government of the country doesn’t treat Nigerians as human beings. It is not just about treating us as citizens, we are not being treated as human beings.

“Let’s imagine this, what kind of mentality or idea governs a country where the government believes that it is okay to budget N70 billion for less than 500 people and then gives what is essentially nothing to so many people.

“Before the end of next month, they will ask us to pay some more. The government has become the enemy of the people and we have to look beyond all these petty differences and begin to ask questions because these are existential issues. They are legislating us into slavery.”

 

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