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 MOURNS PROMINENT CORPORATE LAWYER, CHRIS OGUNBANJO.(PHOTO).#PRESS RELEASE

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 STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU MOURNS PROMINENT CORPORATE LAWYER, CHRIS OGUNBANJO



President Bola Tinubu has expressed his condolences to the Ogunbanjo family and the entire Ijebu-Ode community on the passing of their patriarch and elder statesman, Dr. Christopher Oladipo Ogunbanjo, OFR, OON, who made landmark contributions as one of Nigeria's most celebrated corporate lawyers.


The President joins the family members, colleagues, friends, and well-wishers of the late legal luminary in mourning the loss of a distinguished figure in Nigeria's legal and business communities, whose multifaceted roles as an industrialist, corporate lawyer and philanthropist had left indelible impressions in these important fields as he empowered and mentored numerous professionals from Nigeria and beyond.


As an honoured recipient of several prestigious chieftaincy titles, such as the Olotu of Ijebuland, Larinja of Egbaland, Gbadero of Lagos, Lerinja of Egbaland, Baba Oba of Ijebu Imusin, and Baba Oba of Erunwon Ijebu, the President paid tribute to Pa Ogunbanjo for consistently dedicating himself to championing causes close to his heart, including grassroots community development and advocacy for peaceful co-existence between Nigerians from diverse backgrounds. 


President Tinubu urges all who are mourning this elder statesman, whose life was characterized by an exceptional commitment to philanthropy and the betterment of the country, to reflect on the extensive contributions he had made to the progress of humanity and to carry forward the ideals he lived for. 


"Chief Chris Ogunbanjo will be remembered for his extraordinary life of service to his community and the promotion of best business practices as a corporate lawyer of untarnished repute. His contributions to the economic development of Nigeria and commercial law practice in our country will endure," President Tinubu said.


The President prays for the peaceful repose of Pa Ogunbanjo's soul and divine comfort to his family and loved ones over this irreparable loss.   


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


October 8, 2023

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