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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COURT JAILS FIVE FOR INTERNET FRAUD IN ILORIN. (PHOTO).#PRESS RELEASE

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 Court Jails Five for Internet Fraud in Ilorin


The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of five internet fraudsters before Justices Adenike Akinpelu and Mahmoud Abdulgafar of the Kwara State High Court, Ilorin.


The convicts are Oyedepo Olamilekan Benjamin, Suleiman Saheed Olayinka, Fakeye Tolulope Emmanuel , Great Ukueni  and Adeshina Joseph Oluwaseun.


The defendants who were prosecuted on  different separate count charges before the judges pleaded guilty to their respective charges.


Upon their guilty pleas, prosecuting counsels : Andrew Akoja, Mustapha Kaigama and Isabel Adeniran narrated the circumstances that led to the arrest of the defendants. They urged the court to consider the plea of the defendants, the extra judicial statements and all the exhibits tendered to convict the defendants as charged.


Justice Akinpelu in her judgment sentenced Benjamin to six months imprisonment with an option of fine of N150,000 (One Hundred and Fifty Thousand Naira Only) and ordered the forfeiture of one Apple Iphone X; Hp laptop and the sum of $457 (Four Hundred and Fifty Seven United States Dollars) benefited from the unlawful activities to the Federal Government.


The Judge also sentenced Olayinka to six months imprisonment with an option of N100,000 (One Hundred Thousand Naira) only and ordered that one Samsung A03 phone recovered from the convict be forfeited to the Federal Government.


Justice Akinpelu equally sentenced Emmanuel to six months imprisonment  an with option of fine of N100,000 (One Hundred Thousand Naira) only and ordered that the sum of $400 (Four Hundred United States Dollars), one phone and hp laptop belonging to the convict be forfeited to the Federal Government.


On the other hand, Justice Abdulgafar sentenced Ukueni to six months imprisonment which is to be suspended and ordered the forfeiture of one Dell Laptop used as instrument of crime by the convict.


The court also sentenced Oluwaseun to six months imprisonment with an option of fine of N100,000 (One Hundred Thousand Naira) only and ordered the forfeiture of one iphone 13 promax and sum of $250 (Two Hundred and Fifty United States Dollars) recovered from the convict.


All the convicts bagged their imprisonment  when they were arrested by operatives of the EFCC for internet-related offences.  investigations were conducted on their respective cases,  prompting their prosectution and conviction.

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