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

UPDATE: TINUBU TELLS CLASS OF 99 GOVERNORS THAT SUBSIDY PALLIATIVES ON THE WAY.(PHOTOS).#PRESS RELEASE


STATE HOUSE PRESS RELEASE

Tinubu tells Class of 99 governors that subsidy palliatives on the way 

President Bola Ahmed Tinubu Wednesday in Abuja assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out, assuring that the decision was in the best interest of the country, especially in guaranteeing future prosperity.

President Tinubu, who received 18 governors who served with him, Class of 1999, at the Presidential Villa, appealed for more patience from Nigerians, while the government will increase effort, speed up the process and ensure a full-proof social security structure that will not be compromised, especially in cash-transfer.

“I understand that our people are suffering yet there can be no childbirth without pain. The joy of childbirth is the relief that comes after the pain. Nigeria is reborn already with fuel subsidy removal. It is a rebirth of the country for the largest number over a few smugglers.
“Please tell the people to be a little patient. 

The palliative is coming. I don’t want cash-transfer to fall into wrong hands. I know it pinches and it is difficult. In the end, we will rejoice in the prosperity of our country,’’ he told the governors, who were led by former Governor of Edo State, Lucky Igbinedion.

“We served as governors and sat in this Council Chamber. All I wanted was democracy and the salvation of the country. I never thought I was going to be here as President, but God Almighty has brought me,’’ President Tinubu stated.

The President assured the governors and Nigerians that he will work towards “unity, equity, stability, and prosperity of the country’’.  

“My commitment to that democratic value is unwavering. I am overwhelmed and honored by the numbers of you here,’’ he said, “I have an open door policy. You are my advisers. We went into the pond and wrestled with a pig. We got dirty, and cleaned up. That is why I am here today.’’

President Tinubu noted that the country will not make meaningful progress without fixing electricity, assuring that his administration will harness gas resources, and explore every opportunity to ensure stable power generation and supply.

On Security, the President who had earlier met with Governor Babagana Zulum of Borno State to review situation in the North East, appealed to Nigerians, especially Plateau State, to sheath their swords and use dialogue in resolving conflicts, adding that issues of borders were man-made, not created by God.
“We will do everything possible to stabilize the country,’’ he added.

The former governors urged the President to pursue his vision for a greater Nigeria with vigour, steadfastness, and resilience, trusting their support for development policies, and promising to provide the necessary social structure for actualization.

“We are here with you. We are your foot soldiers, and you can tap into our experience. You are a person who believes in Nigeria. With your good leadership, Nigeria will take its place,’’ Igbinedion, Chairman, Class of 1999, said.

He affirmed that they were 19 at the meeting, including President Tinubu, who was former Governor of Lagos State and Secretary to the Government of the Federation (SGF), George Akume, former Governor of Benue State, while ten of their mates had passed on.
Other governors at the meeting with President Tinubu were Niyi Adebayo, Ekiti State, Sen. Orji Uzo Kalu, Abia State, Sen. Sam Egwu, Ebonyi State, Adamu Muazu, Bauchi State, Donald Duke, Cross River State, James Ibori, Delta State, Obong Victor Attah, Akwa Ibom State, Chimaroke Nnamani, Enugu State, Saminu Turaki, Jigawa State, Sen. Aleiro Adamu, Olusegun Osoba, Ogun State, Adebisi Akande, Osun State, Sen. Joshua Dariye, Plateau State, Attahiru Bafarawa, Sokoto State, Ahmad Sani Yarima, Zamfara State and Rev. Jolly Nyame, Taraba State.
 

Dele Alake
Special Adviser to the President
Special Duties, Communication, and Strategy
July 12, 2023

 

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