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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PRESIDENTIAL ELECTION PETITION TRIBUNAL AFFIRMS TINUBU’S WIN.(PHOTO).

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Presidential Election Petitions Tribunal Affirms Tinubu’s Win

The Presidential Election Petition Court has declared that President Bola Tinubu and vice president Kashim Shettima were validly Elected
in the February 25th polls.

In an over eleven hour verdict being presided over by justice Haruna Tsamani, the tribunal has held that the petitioners, Former Vice President Atiku Abubakar and Mr. Perter Obi have not been able to prove their allegations of non compliance with the electoral laws against the election.

Allegations that President Tinubu was not academically Qualified to Contest For Presidency and that he has drug case hanging over him in the United States were also dismissed for lacking in merit as it was a civil forfeiture procedure.

On the claim that president Tinubu did not score 25% In the FCT and so should not have been declared president, the court ruled that the spirit and letters of the law does not give FCT a special status, explaining that there was equality amongst all Nigerian citizens.

The justices ruled that there was nothing in the electoral act that made it mandatory for INEC to transmit results electronically as claimed by the petitioners.

The court also ruled that evidences by Mr. Peter Obi didn't prove that he Won The Presidential Election and that he could not substantiate with specific details at poling units, his claims of irregularities, suppression of votes and corrupt practices especially in Rivers, Benue, Lagos, Taraba, Osun states.

The allegation of double nomination brought against Vice President Senator Kashim Shettima by the Allied Peoples Movement APM was not upheld as he was said to have complied with the provisions of the electoral act.

Other justices delivering the judgement include Stephen Adah, Mistura Bolaji- Yusuf, Biolokumo Ugo and Justice Aba Mohammed.

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