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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PRES. TINUBU APPOINTS NEW NATIONAL COORDINATOR / CEO OF THE NATIONAL SOCIAL INVESTMENT PROGRAMMES AGENCY (NSIPA).(PHOTO).#PRESS RELEASE

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STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU APPOINTS NEW NATIONAL COORDINATOR / CEO OF THE NATIONAL SOCIAL INVESTMENT PROGRAMMES AGENCY (NSIPA)


President Bola Tinubu has approved the appointment of Mrs. Delu Bulus Yakubu as the pioneer National Coordinator / Chief Executive Officer of the National Social Investment Programmes Agency (NSIPA), pending Senate confirmation.

The National Social Investment Programmes Agency (NSIPA) (Establishment) Act, 2023, was signed into law on May 22, 2023.

Mrs. Delu Bulus Yakubu is a recipient of a Masters degree in agronomy from the State University of Bio-Technology in Kharkiv, Ukraine, with over 15 years worth of working experience in Social Investment Programme management.

President Tinubu expects the new appointee to convey the highest level of efficiency, transparency, and qualitative service delivery at NSIPA, in his determination to actualize the Renewed Hope agenda of his administration. 

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

September 14, 2023

 

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