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 WRITES SENATE, SEEKS APPROVAL FOR MILITARY ACTION AND OTHER SANCTIONS AGAINST NIGER REPUBLIC.(PHOTO).

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Tinubu writes Senate, seeks approval for military action and other sanctions against Niger Republic

President Bola Tinubu has approached the Nigerian senate for approval on proposed military action and other sanctions against the military officers who recently seized power in the Niger Republic. 

The proposed sanctions were listed in the letter which was read on the floor of the Upper Chamber by the President of the Senate, Senator Godswill Akpabio on Friday, August 4. 

It read; 

"Political situation in Niger. 

“Following the unfortunate political situation in the Niger Republic culminating in the overthrow of its President, ECOWAS under my leadership condemned the coup in its entirety and resolved to seek the return of the democratically elected govt. in a bid to restore peace, ECOWAS convened a meeting and came out with a communique. 

“Closure and monitoring of all land borders with the Niger Republic and reactivating of the border drilling exercise.

”Cutting off Electricity supply to the Niger Republic 

”Mobilizing international support for the implementation of the provisions of the ECOWAS communique

“Preventing the operation of commercial and special flights into and from Niger Republic 

“Blockade of goods in transit to Niger especially from Lagos and eastern seaports

“Embarking on sensitization of Nigerians and Nigerians on the imperative of these actions, particularly via social media 

“Military build-up and deployment of personnel for military intervention to enforce compliance of the military junta in Niger should they remain recalcitrant”


 

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