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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TINUBU CELEBRATES ZULUM AT 54.(PHOTO).

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Tinubu celebrates Zulum at 54

President Bola Tinubu has felicitated with Borno State Governor, Babagana Umara Zulum, as he marks his 54th birthday.

In a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, President Tinubu said Zulum has redefined leadership in the country, citing his handling of the security of his people.

The statement read: “While rejoicing with family, friends, and associates of the beloved political leader, whose vision and selfless diligence continue to inspire, President Tinubu affirms that the Borno State Governor has redefined leadership in Nigeria by fully committing to the welfare and security of his constituents above all considerations, driving a message of renewed hope in both the young and the old, even as he rebuilds institutions and infrastructure that were torn apart by many years of insurgency.

“President Tinubu notes the courageous zeal of the young Administrative Icon in bringing comprehensive change, which dates back to his tenure as an educationist, holding many positions such as: Deputy Dean and Acting Dean of the Faculty of Engineering in the University of Maiduguri; Rector of Ramat Polytechnic; and later, Commissioner of Reconstruction, Rehabilitation and Resettlement under former Borno State Governor Kashim Shettima, who is now the nation’s Vice President.

“The President prays for more years of strength, courage, and wisdom for Governor Zulum.”


 

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