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 HALTS ACCREDITATION OF UNIVERSITY CERTIFICATES FROM BENIN, TOGO.(PHOTO).

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FG Halts Accreditation Of University Certificates From Benin, Togo

Federal Government has suspended the evaluation and accreditation of degree certificates from Benin and Togo Republics.

This is pending the outcome of an investigation that would involve the Ministry of Foreign Affairs and the two countries as well the Department of State Security Services and the National Youths Service Corps.

A statement from the Federal Ministry of Education explains that the suspension is coming on the heels of a recent publication online of how an undercover reporter bagged a degree at a Cotonou university in 6 weeks and participated in the NYSC scheme.

It says the Federal Ministry of Education vehemently decries such acts and has commenced internal administrative processes to determine the culpability or otherwise of her staff for which appropriate Public Service Rules will be applied.

According to the statement, the ministry will continue to review its strategy to block any loopholes, processes and procedures.

It states that the Ministry has been contending with the problem including illegal institutions located abroad or at home preying on unsuspecting, innocent Nigerians and some desperate Nigerians who deliberately patronize such outlets.

The statement assures Nigerians and the general public of putting in place mechanisms to sanitise the education sector.

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