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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TUITION HIKE: FG APPEALS TO STUDENTS, PARENTS AS UNIVERSITY RESUME.(PHOTO).

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Tuition Hike: FG Appeals To Students, Parents As Varsities Resume

The Minister of State for Education, Dr Tanko Sununu, has appealed to students, parents and lecturers in public tertiary institutions to shun acts capable of disrupting the academic calender as schools set for resumption.

Dr Sununu made the appeal in Abuja when the leadership of the Congress of University Academics (CONUA) paid him a visit.

Speaking ahead of the resumption of academic activities in tertiary institutions, the minister said the show of restraint would be in the best interest of all stakeholders as well as the stability of the system.

He noted that the ministry was engaging stakeholders on the welfare of students, staff as well as the provision of infrastructure in the nation’s tertiary institutions.

While acknowledging that strikes and non-use of facilities could lead to rapid decay, Dr Sununu promised President Bola Tinubu’s commitment to avoid any situation that could lead to further industrial actions.

Speaking Earlier, the President of CONUA, Dr Niyi Sunmonu, said there could be likelihood of unrest occasioned by the new increase in school fees, which he said had the potential of disrupting academic activities and the school calendar.

Dr Sunmonu also appealed to government to look into ways of improving the condition of service of academic and non-academic staff of universities, which he said had deteriorated due to the petroleum subsidy removal.

He added that there was need to revisit the issue of the 8-month salary arrears that arose from the last strike by the Academic Staff Union of Universities (ASUU), arguing that members of CONUA did not go on strike.


 

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