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 RESERVES JUDGMENT IN KANO GOVERNOR’S APPEAL. (PHOTO).

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Court reserves judgment in Kano gov’s appeal

The Court of Appeal sitting in Abuja has reserved judgment in the appeal filed by Governor Abba Kabir Yusuf of Kano State to challenge his removal by the Governorship Election Petitions Tribunal.

A three-member panel of judges led by Justice Oluyemi Osadebay sacked Yusuf on September 20, 2023, by declaring 165,663 of his votes invalid because they were not signed or stamped by the Independent National Electoral Commission (INEC).

The governor’s votes were then reduced to 853,939 while Yusuf Ganuwa retained his 890,705 votes.

Yusuf had rejected the tribunal verdict, which he described as unfair and a miscarriage of justice, and headed to the appeal court.

At the hearing of the appeal on Monday, the lead counsel for the appellant, Wole Olanipekun urged the court to set aside the judgment of the lower court

While disagreeing on the ruling on ballot papers, the senior lawyer says this was the first time in history that a tribunal will annul an election over non-signing of the back of ballot papers.

He stated that the tribunal erred. and argued further that, that was the first time a political party would file a matter without joining its candidate as a party in the petition and the candidate would be declared winner of the polls.

Counsel for the All Progressives Congress (APC) Akin Olujimi however, countered him saying the appeal court stated emphatically that the non-signing of ballots amounted to electoral malpractice.

He argued that INEC regulations have set out what presiding officers are to do at the point of voting, adding that the back of ballot papers must be signed and dated.

The appeal court panel subsequently reserved judgment, saying a date would be communicated to the parties.



 

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