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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TRAFFIC MANAGEMENT: LASTMA TO BUILD NEW OPERATIONAL BASE IN IBEJU LEKKI.(PHOTO).#PRESS RELEASE

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TRAFFIC MANAGEMENT: LASTMA TO BUILD NEW OPERATIONAL BASE IN IBEJU LEKKI



… As Council Boss Pledges Logistics Support. 


To ensure seamless traffic flow around the Ibeju Lekki Local Government Area, the General Manager of the Lagos State Traffic Management Authority (LASTMA) Mr. Bakare-Oki Olalekan has confirmed that the Agency is planning to establish a new operational base to enhance seamless traffic flow around Ibeju Lekki and its environs. 


Mr. Bakare-Oki made this statement on Wednesday during a courtesy visit to the Head Office of the Agency at Oshodi by Mr. Olowa Abdullahi Sesan (JAJA) the Chairman of Ibeju Lekki Local Government Area. 


He said, "As an Agency of Government saddled with the responsibility of transforming the State transportation system, we are collaborating with Ibeju Lekki Local Government for the establishment of a new operational base to address traffic challenges confronting motoring public around the axis”. 


The GM stated further that the Agency is working round the clock to also ensure that the activities of multinational investments including the Lekki Free Trade Zone (LFTZ) and Lekki Deep Seaport (LDS) around Ibeju do not have any effect on the free flow of traffic along Lekki-Ajah Expressway axis. 


He assured motorists and residents that more Lastma personnel have been deployed to ensure that motorists, including commercial bus drivers, comply with traffic rules and regulations around the Ibeju Lekki axis. 


Speaking earlier, the Chairman of Ibeju-Lekki Local Government Area, Mr. Olowa Abdullahi Sesan (JAJA) congratulated Mr. Bakare-Oki Olalekan on his recent appointment as the General Manager of LASTMA. 


The Council Boss promised to fully support the Agency with every logistics to enable the immediate take-off of the new LASTMA Operational Base at Ibeju.

 

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