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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ALLOW NIGER REPUBLIC RETURN TO DEMOCRATIC GOVERNMENT- PETER OBI TELLS NIGERIA, ECOWAS. (PHOTO).

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Allow Niger Republic return to democratic government – Peter Obi tells Nigeria, ECOWAS

Mr Peter Obi of the Labour Party, LP, is of the view that the people of Niger Republic should be allowed, via their national institutions, the opportunity to revert quickly to a representative democratic government.

This is even as he has described the ongoing political crisis in Niger Republic as a matter of dire and urgent national interest and security to Nigeria.

Obi said that primacy must be given to dialogue and diplomacy towards a resolution with minimal disruptive impact on Nigeria and the West African sub-region, regardless of the positions taken by other various parties.

In a statement issued via his verified social media platform on Sunday, the former Anambra State governor applauded the respective mediatory efforts by Gen. Abdulsalami Abubakar, His Eminence Muhammadu Sa’ad Abubakar, the Sultan of Sokoto and His Royal Highness Sanusi Lamido Sanusi.

The statement read: “Recent developments in the neighbouring Niger Republic have become the subject of international attention. For Nigeria, this development is a matter of dire and urgent national interest and security.

“Inevitably, Niger is a hot-button issue for ECOWAS, as well as various international interlocutors. Regardless of the positions taken by various parties that have direct or tangential interests in Niger, primacy must be given to dialogue and diplomacy towards a resolution with minimal disruptive impact on Nigeria and the West African sub-region. A total diplomatic resolution must take into consideration the realpolitik of the West African sub-region.

“I applaud the respective mediatory efforts by Gen. Abdulsalami Abubakar, His Eminence Muhammadu Sa’ad Abubakar, the Sultan of Sokoto and His Royal Highness Sanusi Lamido Sanusi. Whereas ECOWAS authorities have indicated that they remain open to various conflict resolution options, diplomacy must remain the overarching imperative in resolving the present crisis.

“I join the many well-meaning Nigerians who have advocated that any intervention in the crisis, should be pre-eminently through diplomatic dialogue among all strategic interests in the crisis.

 

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