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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THE SECRETARY OF FOREIGN AFFAIRS OF AMERICA BLINKEN WILL MEET WITH PRESIDENT TINUBU IN ABUJA.(PHOTO).

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The secretary of foreign affairs of America Blinken will meet with president Tinubu in Abuja

US Secretary of Foreign Affairs, Anthony Blinken will arrive in Nigeria on a one-week tour to four West Africa countries.

The U.S. is struggling to see sustained impact as it gets from Russia and China.

Countries in West Africa, especially in the Sahel region, have faced increasing problems including changes of governments in four members of ECOWAS 15.

The visit came at the same time when Abuja, the capital of Nigeria was facing security problems and mass kidnapping.

Nigeria has experienced an increase in violence in the north and central of the country where gunmen are attacking and kidnapping people for revenge.

Jihadi claiming groups such as Boko Haram and other criminal groups have killed hundreds of civilians with equivalent to more than two million people in recent years, an issue that makes the Nigerian government claiming to bring change and address Economic problems due to withdrawal of petroleum supply.

President Joe Biden of America, who is facing challenges in his resignation campaign, has promised to visit Africa last year unless he fails.

Blinken's rally could be part of a promising effort but comes as political changes have been made since his last visit to the region early in 2023. 


 

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