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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AFCON WINNERS TO POCKET $7M AS CAF INCREASES PRIZE MONEY BY 40%.(PHOTO).

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 AFCON winners to pocket $7m as CAF increases prize money by 40%


The Confederation of African Football (CAF) has raised the prize money for the winners of the forthcoming African Cup of Nations (AFCON) in Ivory Coast to $7 million — up from the previous amount of $5 million.


The continental football governing body announced the 40 percent increment in a statement released on Thursday.


Patrice Motsepe, CAF president, said portions of the prize money will contribute to developing football in member associations.


“CAF has made significant progress over the past two years in increasing the Prize Money of the AFCON and all its other major competitions. We have increased the Prize Money of the AFCON Winner to USD 7 000 000, which is a 40% increase from the previous AFCON Prize Money,’ the statement reads.


“I am confident that a portion of the Prize Money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations.”


The competition’s runners-up will get $4 million in prize money, up from $2.7 million.


The remuneration for the semi-finalists and the quarter-finalists was also increased to $2.5 million and $1.7 million respectively.


The 34th edition of the AFCON will be held in Ivory Coast from January 13 to February 11.


The Super Eagles of Nigeria are in Group A alongside the hosts, Equatorial Guinea and Guinea-Bissau.


Nigeria will take on Equatorial Guinea in their opening game on January 14 before facing Ivory Coast four days later and rounding off the group stage with the Guinea-Bissau tie.


The Eagles are camped in Abu Dhabi, United Arab Emirates (UAE), for a one-week training before flying back to Lagos on January 9 and proceeding to Ivory Coast a day later.


Wilfred Ndidi has been ruled out of the competition, and Alhassan Yusuf has been drafted as his replacement on the Super Eagles team.

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