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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OGUN TRANSPORT MINISTRY ROLLS OUT TRAFFIC ADVISORY ON IYALODE ALABA LAWSON'S BURIAL.(PHOTO).#PRESS RELEASE

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OGUN TRANSPORT MINISTRY ROLLS OUT TRAFFIC ADVISORY ON IYALODE ALABA LAWSON'S BURIAL



The Ogun State Ministry of Transportation has notified the general public, particularly the motoring public that Oke-Itoku junction inbound Sapon will not be accessible to traffic on Tuesday, December 5 and Friday, December 8, 2023.


A release signed by the Commissioner for Transport, Engr. Gbenga Dairo indicated that the traffic advisory was due to the heavy flow of human and vehicular movement anticipated during the service of songs and other burial activities put in place for the late Iyalode of Egbaland, Chief Mrs Oluwaseun Alaba Lawson, scheduled to hold at the Osile Oke-Ona Egbas’ Palace, Sapon, on the said days.


The release further stated that traffic from Ake and its environs to Sapon would be diverted to Ijemo-Agbadu/Ake near Oke-Itoku junction, thereby temporarily converting it to two-way traffic for the duration of the event on each of the two (2) days as stated below:


Day 1 (Tuesday, 5th December, 2023, 2pm -8pm)


Day 2 (Friday, 8th December, 2023, 2pm-8pm)


It added that TRACE and security agencies would be deployed along the routes to ensure effective and integrated traffic management, to limit delay and traffic congestion.


The release appealed to members of the public and road users along the axis for their understanding and regrets any inconveniences, adding that the State government had assured that the measures put in place would minimise delay and guarantee orderliness.

 

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