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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FG TO RESTRUCTURE WORLD BANK FUNDED WOMEN PROJECT.(PHOTO).

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FG To restructure World bank funded women project

Federal Government has initiated a restructuring process for the Nigeria for Women Project (NFWP) a World Bank funded project.

The Minister of Women Affairs Mrs Uju Kennedy-Ohanenye stated this in Abuja at a stakeholders meeting aimed at amplifying the programme reach.

Mrs. Kennedy-Ohanenye explained that the government’s intention to bolster the existing program, which has successfully empowered women at the grassroots level, is aimed to elevate women’s productivity.

“We are here to find a way forward to enhance whatever has been done before so that it will suit what the new government wants. We cannot change what is already working well, so all we need is enhance and expand it to work better.

The representative of the World Bank Nigeria, Taimur Samad said the organization would continue to assist Nigeria to uplift the livelihood of women and in other areas.

“For us gender empowerment is critically important and a big part of our portfolio and we are highly committed on delivering of those results and it has been very important part of our engagement with states and most of what we do in Nigeria is at the state level and we will continue with the collaboration at the federal and state

The UNICEF Deputy Country Representative in Nigeria, Dr. Rownak Khan expressed optimism that the collaboration would foster economic empowerment for women.

“Hopefully, this will become a catalyst for gender equality, breaking barriers and fostering sustainable development in Nigeria.

The Nigeria for Women Project stands as a pivotal, long-term partnership between the Federal Government of Nigeria and the World Bank, aligning with the government’s overarching objective of promoting gender equality.

The implementation and roll-out project which started with six states across the geo-political would be extended to other states of the federation.


 

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