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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NIGERIA, BENINOISE CUSTOMS PARTNER ON MANAGING CROSS-BORDER TRADE. (PHOTOS).

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Nigeria, Beninoise Customs Partner On Managing Cross-Border Trade

Acting Comptroller-General of Customs, Adewale Adeniyi, says the Nigeria Customs Service is committed to collaborating with the Republic of Benin Customs Administration using technology to manage cross-border trade between the two countries.

The proposed partnership came to light at a two-day interactive session in Abuja between the Nigeria Customs Service and their Beninoir counterparts.

Mr Adeniyi said the meeting would strengthen the existing bilateral trade ties and cooperation between the two countries and pave the way for a comprehensive mechanism to harmonize the import prohibition lists of both neighbours.

The Acting Customs CG lauded the Beninoir Customs and Embassy for expressing interest in collaborating with the Nigeria Customs Service to facilitate trade.

He expressed the hope that the programme would address the issues of trade and set a roadmap for implementation of new strategies that would enhance the economy and revenue in Nigeria and Benin Republic.

The Nigeria Customs boss noted that with the increasing global security challenges, the need for both countries’ customs services to work in synergy has become imperative, stressing that the “intended mutualism” would boost their efforts to improve the economies of both nations.

One more photo below. 

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