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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GOV. SANWO-OLU APPROVES OVER N375M AS BURSARY FOR INDIGENES .(PHOTO).#PRESS RELEASE

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In a bold move to support the academic pursuits of Lagos State indigenes, Governor Mr. Babajide Olusola Sanwo-Olu has approved the payment of N375,455,000.00 for both Fresh and Subsequent Scholarship and Bursary Awards. This fund is designated to alleviate the financial burdens faced by Lagosians pursuing higher education in the country.


Abdur-Rahman Lekki, the Executive Secretary of the Lagos State Scholarship Board disclosed this at a recent meeting held with key stakeholders in the sector, adding that the approval is in line with Mr. Governor’s unwavering commitment to advancing education within Lagos State.


He pointed out that the present administration’s focus is to make education accessible, affordable, and sustainable, which is evident through the timely disbursement of the funds.


The Executive Secretary also emphasised the government’s profound concern for the youth and their educational journey, and its pledge to provide accessible and affordable education, irrespective of the country’s economic challenges.


Breaking down the allocation, Abdur-Rahman Lekki detailed that N164,500,000.00 has been earmarked for the 2021/2022 Fresh Scholarship Award for Undergraduate, Masters & PhD (Batch B), 2021/2022 Subsequent Scholarship Award for Undergraduate & PhD, and 2022/2023 Subsequent Scholarship Award for Undergraduate & PhD

recipients as well as the 2022/2023 Governor’s Discretionary Awards.


“Furthermore, an allocation of N210,955,000.00 has been approved for the 2021/2022 Fresh Bursary Award for Undergraduates and Law School (Batch B), 2021/2022 Subsequent Bursary Award for Undergraduates, and 2022/2023 Subsequent Bursary Award for Undergraduates”, he added.


Lekki reassured beneficiaries awaiting disbursement that the release of funds will commence promptly as soon as the necessary administrative processes are concluded.

In addition, he informed the general public that applications for the Year 2022/2023 Fresh Scholarship and Bursary Awards have been completed, with Academic and Indigeneship Verification Processes set to commence. Students are encouraged to regularly check their emails for updates.


Similarly, the Executive Secretary revealed that, as part of Governor Sanwo-Olu’s T.H.E.M.E.S Plus Agenda, the Lagos State Scholarship Board is set to introduce Special Categories of Scholarships, focusing on the Poor and Vulnerable, as well as People Living With Disabilities. This aligns with the intensified emphasis on Social Inclusion, Gender Equality, and Youth in the coming four years.

Lekki noted that the Lagos State Government has a long history of subsidising education within the state by utilising bursaries and scholarships to assist both indigenes and residents in achieving their educational aspirations. This tradition dates back to 1968 when the Board was first established.


He maintained that the Lagos State Scholarship Board remains steadfast in its commitment to administering bursary and scholarship awards effectively by striving to make higher education accessible to all.
 

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