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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TONY NWOYE WON STELLA ODUAH AT APPEAL COURT. (PHOTO).

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Tony Nwoye Wins At Appeal Court

November 2, 2023


The Court of Appeal in Lagos has dismissed the appeal filed by Stella Oduah, challenging the victory of Labour Party’s Tony Nwoye in the February 25, 2023 Anambra North Senatorial District election.

The National Assembly Election Petition Tribunal in Awka, Anambra State, in its judgment given on September 6 dismissed Oduah and the Peoples Democratic Party’s petitions challenging the victory of Nwoye and the Labour Party. The tribunal dismissed the petitions for a lack of merit.

Not satisfied with the ruling of the tribunal, Oduah and the PDP filed appeals marked CA/AW/EP/SEN/AN/03/2023 and CA/AW/EP/SEN/AN/04/2023 as the Court of Appeal.

According to the Independent National Electoral Commission, Nwoye secured 94,779 votes while Oduah had 50,146 votes.

Oduah, a former aviation minister, represented Anambra North for eight years.

However, the Appeal Court resolved the issue of nomination against Oduah. It noted that the nomination of candidates is a domestic affair of a political party and not justiciable.

It also described the nomination as a pre-election matter, adding that Oduah had no locus to challenge the membership of the Labour Party.

It said only an aspirant in the primary election can challenge such issues.

In October, the Appeal Court sitting in Lagos reserved judgment in the appeals filed by Oduah and the PDP.

The three-member panel of justices adjourned for judgment after taking arguments from counsel for the parties.

 

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