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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NIGERIA TARGETS 750,000 METRIC TONNES OF COCOA IN 10 YEARS .(PHOTO).

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NIGERIA TARGETS 750,000 METRIC TONNES OF COCOA IN 10 YEARS 



Federal Government is targeting to raise the production of Cocoa to 750,000 metric tonnes by the year 2032.


Currently, the production of Cocoa has been pegged at 340,000 thousand below Ghana and Ivory Coast who jointly produce about 60% of the crop globally.


The Ministry of Trade and Investment stated that the goal is to be achieved by a 10-year roadmap which have been developed by stakeholders in the Cocoa production.


The representative of the Permanent Secretary of the ministry of Trade and Investment, Tuayeringha Gana who stated this at a stakeholders forum on the implementation of the 10 years National Cocoa Plan (2023-2032) in Abuja, said the target was in line with the global Cocoa agenda.


The Minister of Agricultural and Food Security, represented by a Deputy Director in the ministry, Ajayi Olutobaba said a National Cocoa Management Committee was recently inaugurated to see to the establishment of the National Cocoa Management Commission.


According to Mr Olutobaba, the national coordinating body is expected to guarantee sustainability of the Cocoa value chain in the country and ensure that Nigeria’s Cocoa production meets international demands.


Mr Emmanuel Enang who represented the Director-General of the Nigerian Export Promotion Council (NEPC), said the forum also aimed at addressing the challenges plaguing Cocoa production in the country such as climate change, poor seedlings and lack of funding.


The forum had in attendance representatives from the Nigerian Export-Import Bank (NEXIM BANK), Nigeria Customs Service, Federation of Agricultural Commodity Association of Nigeria (FACAN) and the Cocoa Association of Nigeria

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