INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

NO REASON TO LOWER MOMENTUM OF DEVELOPMENT IN RIVERS - GOV FUBARA.(PHOTOS).#PRESS RELEASE



NO REASON TO LOWER MOMENTUM OF DEVELOPMENT IN RIVERS - GOV FUBARA



...As Elelenwo internal road project is flagged off


Governor of Rivers State, His Excellency, Sir Siminalayi Fubara has assured of not lowering the standard and pace of development that he inherited because it is one way of contributing positively to improving the lives of Rivers people while advancing the fortunes of the State.


Governor Fubara who spoke at the flag-off of the internal road project in Elelenwo community of Obio Akpor Local Government Area as part of activities to celebrate his first one hundred days in office, said it is in keeping with his campaign promises to consolidate on the existing pace of development.


Sir Fubara explained that it is  because of the commitment to expand the scope of development that his administration approached the State House of Assembly to secure approval for an additional N200 billion to add to the 2023 budget of N500billion of the State.


"The 2023 budget that we inherited was about N500Bn. Because of the sensitive nature of projects we nominated for the expansion and development of our dear State, we sought the approval from the State House of Assembly that graciously approved an estimated budget, at that time, of N200Bn, which we added to make N700Bn. If you divide what we met, you can see that we are doing about 80 percent of the proposed budget of 2023 that we inherited."


The approval, he said had enabled his administration to begin the construction of the Port Harcourt Dual Carriage Ring Road project, a single largest project ever undertaken by any State in the country.


He stated that, his administration is not stopping at that, but is going ahead to do more projects that will benefit not only Rivers people but every resident who is contributing to advance the economic activities of the State.


Governor Fubara urged residents in Elelenwo community to embrace peace and love in unity while cooperating with his administration in its effort at tackling issues of insecurity in the area.


"Today, we are here to do something unusual. It is unusual because when you mark first one hundred days in office, it is not just commissioning of projects, but we want to start adding flag-off of projects. So, we are adding this Elelenwo internal roads as part of our programme for our first one hundred days in office.


"You are aware of our journey from the first day that we took oath of office, we made promises to the good people of Rivers State that we are not going to lower the momentum for any reason but continue to add value to what we met believing that the only way we can sustain the strength of our party is to contribute positively to the lives of our people."


Providing the description of the project, Rivers State Commissioner for Works, Dakorinama George-Kelly said there are 26 separate roads in Elelenwo community marked out for reconstruction and have a total length of 25.12 Kilometers with a completion period of 6 months.


Signed


Boniface Onyedi

SSA, Media to the Governor of Rivers State


Thursday, September 7, 2023. 

More photos below. 












Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).