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

FG SEEKS COLLABORATION WITH LABOUR UNIONS ON WORKER'S WELFARE. (PHOTO).



FG Seeks Collaboration with Labour Unions on Workers’ Welfare


Federal Government has solicited the cooperation of the Nigeria Labour Congress in promoting workers’ welfare and national productivity.


Minister of State for Labour and Employment, Mrs Nkiruka Onyejeocha, stated this in Abuja when she paid a visit to the President and leadership of the Nigeria Labour Congress (NLC) as part of strategy to mobilize critical stakeholders to align with government’s agenda in the Labour sector.


She remarked that without the cooperation of the Labour union, it would be difficult for the government to better the lot of Nigerian workers.


According to the Minister, President Tinubu’s deep concern for the well-being of Nigerian workers was at the forefront of our discussions. I reiterated the government’s desire to partner with the NLC in propelling Nigeria forward towards a brighter future”


The Minister said government was ready to work with labour unions to promote the wellbeing of workers, as well as boost productivity in the service.


The Minister decried the use of strike to resolve industrial disputes as it disrupts the economy.


She therefore urged trade unions to regard strike as the last resort in seeking resolution of trade disputes, pushing for implementation of agreement, or drawing the attention of government to the plight of workers and citizens.


According to the Minister, “Government is interested in the welfare of Nigerian workers. We are interested in their health and the environment in which they work. We are also interested in the wages they earn”.


“We will partner with you to ensure that Nigerian workers are satisfied. I am sure you will cooperate with the government to make sure our economy improves. Each time you embark on strike, the Nigerian economy goes down, and we incur a lot of losses.” she stated.


Responding, NLC President, Comrade Joe Ajaero, said that the Minister’s visit demonstrated care for Nigerian workers, as well as commitment to collaboration with the union to address their plight.


Comrade Ajaero promised that the Congress would always work together with government in the interest of the workers.


He, however, urged the government to desist from violating Trade Union rights, and defaulting on agreements reached with Labour, as such actions brew trust gaps.


NLC President urged the Minister to push for the clearing of the backlog of agreements which government reached with Labour.

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