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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STRIKE: MARITIME WORKERS SHUT DOWN LAGOS SEAPORT.(PHOTO).

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Strike: Maritime Workers Shut Down Lagos Seaport

Members of the Maritime Workers Union of Nigeria (MWUN) have shutdown the Tin-can Island Port, Apapa, Lagos in compliance with the nationwide strike by the organized labour.

The strike is coming on the instructions of the Nigeria Labour Congress (NLC) after its national executive council meeting held on Monday, directing all affiliates of the Congress to strictly comply.

The NLC and Trade Union Congress (TUC) had taken the decision after their joint meeting in Abuja, prompted by alleged infractions and encroachments of the rights of workers, the assault on the NLC President, Comrade Joe Ajaero and the continued refusal of government to implement agreements, non-payment of backlog of salaries, pensions, descriminatory payment of salaries and non-compliance to national minimum wage.

Executive members of MWUN directed its members to shutdown the ports on Tuesday morning in compliance with the directive.

It was learnt that freight forwarders who had arrived the port in readiness to commence clearance of their goods were asked to go back.

Some of the clearing agents, who spoke to our correspondent, said though the strike was in order, it was the masses that would suffer at the end of the day.

Seun Adigun, a learning agent at the Tin-Can Island port said the accumulated demurrage would be transferred onto members of the public at the end of the day.

He said no matter how long the seaport will remain close, government revenue still remains and would be collected.

“Terminal operators will collect demurrage from importers and the importers will inturn transfer same to the suffering masses,” he added.

 

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