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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FG TO ESTABLISH HUMANITARIAN HUBS IN LGAS-DR BETTA EDU.(PHOTO).

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FG To Establish Humanitarian Hubs In LGAs - Dr Betta Edu 


The Minister for  Humanitarian Affairs and Poverty Alleviation,  Dr.  Betta Edu has revealed plans by the Ministry to establish humanitarian hubs in all 774 local government areas in the country.


According to her, the humanitarian hubs are a long-term goal towards eradicating poverty in Nigeria.


The hubs,  she explained,  would accommodate homegrown commodities, which will be sold at cheaper rates to Nigerians.


In a statement by her Special Adviser On Media and Publicity Rasheed Zubair, the Minister stated this while speaking on Radio Nigeria’s weekly  Network Programme ' Radio Link'. 


According to the statement, the Ministry personnel will be dispatched to all 774 local government areas for gathering feedback and utilizing digital monitoring to record the timing, location, households, and individuals receiving the relief aid. 


For a transparent and effective disbursement of palliatives, Dr. Edu further announced plans to bring on board  Independent Monitors to ensure that the relief materials reach those who need them the most.


The Ministry,  she assured,  was committed to curtailing the humanitarian crisis in Nigeria, as prompt response to such crisis will henceforth be on the front burner of the Ministry's agenda. 


On Empowerment Schemes of the Ministry, the Minister said "Nigerians should be rest assured that all existing empowerments within the National Investment Programme will be rejigged, and  made more effective to reach more Nigerians"


President Bola Ahmed Tinubu, has a huge Economic Plans for Nigeria; some are short term goals which the Ministry will soon Implement and some are long term goals, Nigerians should trust the process" she said. 


On the challenges, in terms of delay in payment of stipends, being faced by the beneficiaries of the  N-Power scheme, the Minister said her Ministry was working round the clock to address the issue.


"We will change the modalities so that people will get their delayed stipends, include more people, and relaunch it with a renewed hope concept",  Dr. Edu stressed.

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