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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NHIA UNVEILS NAFDAC LOGO FOR 33 MEDICAL PRODUCTS.(PHOTOS).

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NHIA Unveils NAFDAC Logo For 33 Medical Products


National Health Insurance Authority (NHIA) has unveiled the logo the National Agency for Food and Drug Administration and Control (NAFDAC) approved for use on 33 locally manufactured medical products for the Authority.


The Director General of NHIA, Professor Mohammed Sambo unveiled the logo to newsmen in Abuja during a joint conference with NAFDAC.


Professor Sambo explained that the collaboration was to ensure that subscribers have access to affordable and quality drugs, adding that it would solve the problem of out-of-stock syndrome in the nation’s health facilities.


The NHIA DG further said the authority was working with relevant agencies in the production and distribution of the drug to secure its quality.


NAFDAC Director General, Professor Mojisola Adeyeye who assured Nigerians of the drugs, warned that the agency would sanction anyone selling them outside the designed health facilities.


‘’NAFDAC has in the past five years developed a GMP Roadmap which continuously assures that pharmaceutical manufacturers in Nigeria remain compliant with global best practices. The GMP roadmap was designed to guide and help local manufacturers upgrade their facilities and procedures in line with current good manufacturing practice requirements. This initiative has enabled the Agency establish a baseline for monitoring compliance,’’ she maintained.


Professor Adeyeye said the approved drugs are suitable for the treatment of malaria, upper respiratory tract infections, childhood illnesses, and drugs being used by pregnant women.


On October 4, the NHIA signed a memorandum of understanding with 12 pharmaceutical companies and eight drug management organisations to produce 33 medical products for health insurance subscribers.

More photos below. 




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