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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TINUBU GOVT HAS NO SOLUTION TO ECONOMIC HARDSHIP- PRIMATE AYODELE WARNS NIGERIANS.(PHOTO).

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Tinubu govt has no solution to economic hardship – Primate Ayodele warns Nigerians

The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele on Sunday claimed that President Bola Tinubu’s administration has no solution to the economic hardship in Nigeria.

Primate Ayodele urged Nigerians to prepare for more difficult times.

He stated that the country will not survive without borrowing money and it will lead to the incapacity of so many states.

A statement by Ayodele’s spokesman, Oluwatosin Osho, said the economy will keep fluctuating and for the next four years, Nigeria will keep struggling.

The man of God pointed out that one of the solutions to eradicating economic hardship is by fighting corruption.

Primate Ayodele also reacted to the statement of BUA chairman to reduce cement price to N3000.

According to Ayodele: ‘’I want to advise the minister of finance and CBN governor that there is no way Nigeria will survive without borrowing. So many states will be incapacitated if the country doesn’t borrow.

“Nigeria’s economy is sitting on a time bomb; the government will not get the solution to economic troubles. We will continue to suffer this for four years.

‘’The President needs so much work in the economy; if you don’t fight corruption, you can’t eradicate economic hardship and I don’t see that fight happening. The CBN governor is sitting on hot seat.

‘’BUA cement said he will bring down cement to N3000. I am not seeing the possibility because things will get tougher.’’

 

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