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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LASG ANNOUNCES TRAFFIC DIVERSION FOR CONSTRUCTION OF CULVERTS ACROSS LAGOS-ABEOKUTA EXPRESSWAY.(PHOTO).#PRESS RELEASE

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LASG ANNOUNCES TRAFFIC DIVERSION FOR CONSTRUCTION OF CULVERTS ACROSS LAGOS-ABEOKUTA EXPRESSWAY


As part of efforts to address the perennial flooding challenge at Ilepo bus stop in Alimosho Local Government Area, the Lagos State Government has announced a traffic diversion at the Kataguwa/Ilepo axis of the Lagos-Abeokuta Expressway for the construction of culverts starting from Friday, 4th August 2023.

Consequently, the following alternative routes will be available to motorists during the construction period:

1. Traffic from Iyana Ipaja towards Abule-Egba will be diverted to the BRT Lane from Iyana Ipaja.
2. Traffic from Iyana Ipaja towards Abule Egba and traffic from Abule-Egba inward Iyana Ipaja will be diverted to service lanes. 
3. Traffic from Abule-Egba towards Iyana Ipaja will be diverted to the BRT lane from Abule-Egba.

Motorists are implored to be patient as the lane closure is part of the traffic management plan for the construction of drains across the Lagos-Abeokuta Expressway.
 

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