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 URGES TRUCK DRIVERS TO BE MINDFUL OF HEIGHT RESTRICTION BARRIERS AT STADIUM, OJUELEGBA, OTHERS.(PHOTO).#PRESS RELEASE

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The Lagos State Government has once again urged truck drivers to be aware of the height restriction barriers (truck barriers) for articulated vehicles, installed at Stadium, Ojuelegba and Dorma long Bridges.

The barriers were mounted following a series of stakeholders’ meetings held to forestall incessant articulated vehicle accidents that have claimed lives and property. 

Signages have been mounted to alert truck drivers to the presence of height restriction barriers, unfortunately, trucks still run into them, damaging the facilities. 
The State Government has therefore resolved to hold to account, all recalcitrant truck drivers by stationing Enforcement Personnel to enforce the law and oversee the facilities at the designated locations.

The Lagos State Government is therefore urging truck drivers to show retraint when driving in these areas, as the installation of truck barriers is aimed at preventing accidents.

Engr. Abdulhafiz Toriola

Permanent Secretary,

Ministry of Transportation.

 

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