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 LOSES AFCON 2027 HOSTING RIGHT BID.(PHOTO).

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Nigeria Loses AFCON 2027 Hosting Right Bid

Nigeria on Wednesday lost out in the bid to co-host the 2027 Africa Cup of Nations (AFCON).

The Governing body of African football, the Confederation of African Football (CAF) took the decision to deprive Nigeria and Benin Republic from hosting the AFCON tournament in Cairo, Egypt.

The hosting right was given to East African countries of Kenya, Uganda and Tanzania.

With the decision of CAF’s Executive Council members awarding the 2027 Africa Cup of Nations (AFCON) hosting right to Kenya, Uganda and Tanzania, East Africa would be hosting the Mondial for the first time in the history of the competition.

CAF also announced that Morocco would be the host of the 2025 AFCON edition.

Nigeria hosted the rest of Africa in in 1980 and then co-hosted the 2000 edition alongside Ghana.

Earlier on Wednesday, the CAF also announced Morocco as host of the 2025 AFCON edition.

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