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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NA'ABBA STOPPED REMOVAL OF LIMITS FOR GOVS, PRESIDENT FROM CONSTITUTION- SHEHU SANI. (PHOTO).

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Na’abba stopped removal of limits for govs, president from constitution – Shehu Sani

Shehu Sani, a socio-political analyst, has said the late Speaker of the House of Representatives, Ghali Umar Na’abba, stopped the term limits for governors and Presidents.

Sani said the term limits for governors and presidents would have been expunged from the Nigerian constitution if not for Na’abba.

Posting on X, the former lawmaker said the deceased defended the honour of the parliament.

He wrote: “Hon Ghali Umar Na’abba, Ex-Speaker House of Representatives. He lived an accomplished life.

“He saved Nigeria’s democracy at its most crucial moment. He upheld and defended the honour and independence of the parliament.

“Without the courage and principles of the likes of Ghali, the term limits for Governors and Presidents would have been expunged from our constitution. Ghali spoke for justice and stood for freedom.

“A great loss. My condolences to his family. May Allah grant him Aljanna firdausi. Amin.”

The former Speaker of the House of Assembly passed on Wednesday.

He died on Wednesday morning at the National Hospital in Abuja after a brief Illness, at the age of 65.

 

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