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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NIGERIAN BANK EMPLOYEES TO JOIN NLC'S TWO-DAY WARNING STRIKE ACTION.(PHOTO).

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Nigerian Bank Employees To Join NLC’s two-day Warning Strike Action 

The National Union Of Banks, Insurance and Financial Institutions Employees, NUBIFIE, has directed all banks to shut down on Tuesday 5th and Wednesday 6th September 2023t.

According to the statement, the notice is in line with the Nigeria Labour Congress’ resolution to a two days strike action, which was made after the National Executive council meeting (NEC) that happened on Thursday, 31 August 2023.

The statement signed by the General secretary of the Union, Mohammed I. Sheikh, reads in part

“In line with the communique issued after the meeting of National Executive Council (NEC) of the Nigeria Labour Congress (NLC) held on Thursday 31 August2023 that all affiliates should direct all its members to commence two days withdrawal of services from Tuesday & Wednesday the 5 & 6 September2023. The directive is imperative to get the needed attention of the government and warn it off its new found love of meddling in the internal affairs of unions rather than address the punishing economic circumstances we find ourselves in.

We hereby direct all our organs to comply with this directive by ensuring all our members stay off duties for the two days.” the statement read

 

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