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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SERAP THREATENS TO SUE TINUBU, UZODIMMA OVER ATTACK ON AJAERO. (PHOTO).

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 SERAP threatens to sue Tinubu, Uzodimma over attack on Ajaero

The Socio-Economic Rights And Accountability Project has threatened to sue President Bola Tinubu and the Imo State Governor, Hope Uzodimma, over an attack on the National President of the Nigeria Labour Congress, Joe Ajaero.

Ajaero was last week arrested by the police ahead of the state-wide protest in Imo State.

However, the police denied arresting Ajaero, stating that he was merely taken into protective custody to prevent a mob attack. Uzodimma, however, accused the labour leader of meddling in the political affairs of the state.

“We’re suing the Tinubu administration and Imo State Governor, Hope Uzodimma, over the brutal attack on NLC National President, Joe Ajaero, last week in Imo State, and the failure of the authorities to bring suspected perpetrators to justice,” SERAP announced on its X handle on Tuesday.

MAGIC FM reports Organised labour comprising of the leadership of the Nigeria Labour Congress and the Trade Union Congress on Tuesday declared a total nationwide strike effective Tuesday, November 14, 2023.

The leadership of the two unions reached the resolution after an extraordinary National Executive Council meeting on Tuesday in Abuja.

The unions also ordered a shutdown of electricity and fuel supplies in Imo state, due to the brutalisation of the Ajaero by operatives of the Nigeria Police Force.

The Labour Centres also directed aviation workers to ensure that flights into and outside the state are suspended.

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