INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

-
Image
  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
Post a Comment

NEITI SEEKS EFCC’S SUPPORT IN ENFORCING TRANSPARENCY IN EXTRACTIVE INDUSTRIES. (PHOTOS).#PRESS RELEASE

-



NEITI Seeks EFCC’s Support in Enforcing Transparency in Extractive Industries


The Nigeria Extractive Industries Transparency Initiative, NEITI, has called on the Economic and Financial Crimes Commission, EFCC, to back it up more in its quest for transparency and accountability in the extractive industries in Nigeria. 


 This call was made in Abuja on Friday, November 10, 2023 by the Executive Secretary of the Initiative, Dr. Orji Ognonaya Orji when he led his team on a courtesy visit to the Executive Chairman of the EFCC, Mr. Ola Olukoyede at the corporate headquarters of the EFCC, in Jabi, Abuja.


 Orji stated that the mission of NEITI was to make the extractive industry open and accountable and solicited for the support of the EFCC to enforce compliance of industries falling short of its standards on disclosure of information and data.

 

“We need strong support of the EFCC to enforce compliance with disclosure of information and data by companies”,  he said. In a presentation made to the management staff of the Commission, Orji disclosed that, 28 out of the 36 states of the federation are sourcing 84% of their revenue from allocation from the federation accounts.


 He explained that, “NEITI findings and recommendations are leading reforms in the oil, gas and mining industries” and for the Initiative to deliver more optimal results to the nation, he called for stronger collaboration and synergy with the EFCC.  “Our allies in this industry are few but with an ally like the EFCC, we feel strong and confident”, he said.   He also called for joint training, capacity building and manpower development for staff of the EFCC and NEITI.


 In his response, the EFCC’s boss noted that every anti-corruption effort should always stand on the pillar of transparency. He particularly stressed that lessons learnt as a result of fraud investigation should be a guiding principle for individuals, organizations and nations.  “Corruption investigation is not just for investigation’s sake. Lessons learnt should always be applied, he said. 


He assured NEITI of enhanced collaboration. “We will renew our collaboration and mutual support.  We will allow NEITI desks in our Zonal offices”, he said.  


More photos below. 



Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the unions
Read more