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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PRESIDENT TINUBU APPOINTS NNPC BOARD AND MANAGEMENT TEAM.(PHOTOS).#PRESS RELEASE

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STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS NNPC BOARD AND MANAGEMENT TEAM



In compliance with Section 59 (2) of the Petroleum Industry Act, 2021, President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023:


(1) Chief Pius Akinyelure — Non-Executive Board Chairman


(2) Mallam Mele Kolo Kyari — Group Chief Executive Officer


(3) Alhaji Umar Isa Ajiya — Chief Financial Officer


(4) Mr. Ledum Mitee — Non-Executive Director


(5) Mr. Musa Tumsa — Non-Executive Director


(6) Mr. Ghali Muhammad — Non-Executive Director


(7) Prof. Mustapha Aliyu — Non-Executive Director 


(8) Mr. David Ogbodo — Non-Executive Director


(9) Ms. Eunice Thomas — Non-Executive Director


Furthermore, President Tinubu approved the appointment of two Permanent Secretaries:


(10) Mr. Okokon Ekanem Udo — Permanent Secretary, Federal Ministry of Finance


(11) Amb. Gabriel Aduda — Permanent Secretary, Federal Ministry of Petroleum Resources


President Tinubu anticipates the fullest measure of compliance with the performance-driven and results-oriented mandate of his Renewed Hope administration in the implementation of energy policy that will monetize all available oil and gas resources of today while paving the way for the total exploitation of new and cleaner energy sources of tomorrow by this distinguished team.


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


November 27, 2023.

More photos below. 


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