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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GRANT: KEBBI GOVT DISBURSES N3B TO 15,000 BENEFICIARIES.(PHOTO).

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Grant: Kebbi Govt Disburses N3B To 15,000 Beneficiaries 


  

 


The Kebbi State Government, has commenced the disbursement of N3 billion livelihood support grant to 15,000 beneficiaries across the state under the programme Kebbi Cares.


Speaking on occasion, Governor Nasir Idris, assured the administration's readiness to provide support to the scheme. 


Governor Idris, advised the beneficiaries to make judicious use of the money by investing in gainful ventures that would generate income and enable them become not only self-reliant but also employers of labour.


The Governor assured that, independent verification agents from the World Bank and staff of the State Ministry of Budget and Economic Planning would monitor the utilisation of the money to ensure its not diverted for other use.


He warned officials entrusted with the disbursement to be fair as the government would not condone diversion of the funds to other means other than its purpose meant for. 


In a remark, the State Commissioner for Budget and Economic Planning who double as the Chairman, Kebbi Cares steering Committee, Dr. Abba Sani Kalgo said, the programme was designed to cushion the economic and social effect on the people as a result of the Covid 19 pandemic. 


He explained that under the ongoing third round of the livelihood grant disbursement, governor Nasir Idris has instructed that the money accruing to each beneficiary should be raised to the highest peak of Two Hundred Thousand Naira limit (N200,000) set by banks which is unprecedented in the history of Kebbi State. 


Governor Idris witnessed the disbursement to first batch of beneficiaries by ATM card through POS which he confirmed the actual amount in the account .

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