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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MUSAWA PROPOSES ESTABLISHMENT OF NATIONAL MUSEUM, THEATRE IN ABUJA.(PHOTO).#PRESS RELEASE

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MUSAWA PROPOSES ESTABLISHMENT OF NATIONAL MUSEUM, THEATRE IN ABUJA

 
The Ministry of Art, Culture and the Creative Economy is to establish a National Museum and a National Theatre in a Creative City to be located in Abuja.
 
The Minister, Barrister Hannatu Musa Musawa made this known when she presented the 2024 Appropriation Budget draft to the Senate Committee on Arts, Culture and the Creative Economy on Thursday at the National Assembly.
 
Musawa stated that the establishment of the two edifices were top on the list of projects of the Ministry which is intended to create employment, not only for creatives but also for Nigerians in general.
 
The achievement of this, she said, will be subject to the approval of 2024 Appropriation Budget by the Senate.
The Minister also noted that the Ministry has been grossly underfunded and appealed to the Senate Committee to upscale its allocation in the 2024 budget.
 
 
“The Ministry has been grossly underfunded and we will be unable to achieve anything of significance without the right funding. The potential of this Ministry is astronomical if we tap into that so we would like to see what we can do at the legislative level to give the ministry the kind of funding and support that we require to achieve our vision within the roadmap, to be able to achieve the objectives of the Renewed Hope Agenda of Mr. President”.
 
Inline with the Renewed Hope Agenda of Mr. President Bola Ahmed Tinubu, the Ministry has committed to an aspirational target of N100b contribution to the nation’s GDP by 2030 and also to the establishment of major projects, which include the building of a National Theatre and National Museum in Abuja among other projects.
 
 
Earlier, Barrister Musawa emphasized the Ministry’s drive to reposition Nigeria through its numerous proposed projects. 
 
She explained importance and potential of the Creative Economy and the Ministry’s core functions which includes attracting foreign investment, cultural promotion and preservation, amongst others, in line with sect. 21 of the 1999 Constitution.
 
“We have set high Key Performance Indicators for the ministry and we are ready to hit the aspirational targets which we have set for ourselves. This is a new ministry which is also trying to create jobs and in addition, establish an Intellectual Property Framework which will harness the culture and creativity of Nigeria. This, therefore will require adequate financial provision”, Musawa stated.
 
The Chairman, Senate Committee on Art, Culture and the Creative Economy Distinguished Senator Mohammed Ogoshi Onawo applauded the Minister for her initiatives to establish a National Museum and Theatre in the FCT while stating that the budget review was to aid her in discharging her duties efficiently and realize her dreams for the Ministry.
 
“The committee encourages frequent interactions over the course of the year to achieve more synergy and ensure enhanced collaboration with the Senate”.
 
A member of the committee, Senator Ede Dafinone representing Delta Central also alluded to the poor budgetary allocation, raising concerns on how the ministry intended to execute major projects with the meagre allocation.

NNEKA IKEM ANIBEZE 
SA MEDIA & PUBLICITY

FMACCE/ PS/003

 

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