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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HUNGER: TINUBU ORDERS DSS, NSA, IGP TO MONITOR WAREHOUSES, WARNS AGAINST FOOD IMPORTATION. (PHOTO).

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Hunger: Tinubu orders DSS, NSA, IGP to monitor warehouses, warns against food importation


President Bola Tinubu has directed the Department of State Services, DSS, the National Security Adviser, Nuhu Ribadu, and the Inspector General of Police, Kayode Egbetokun, to monitor warehouses hoarding food items across the country.


Tinubu directed the security agencies to stop owners of the warehouses from profiteering.


A statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said Tinubu gave the directive during a meeting with state governors and security agencies at the State House on Thursday.


The President, in the same vein, urged state governors to work with the Federal Government to increase food production.


Tinubu equally advised warned against resorting to importation of food as a means of addressing the shortage being experienced in the country.


Onanuga said, “The President directed that the State Governments and Federal Government should collaborate to increase local food production.


“The President advised against the idea of food importation and price control when local food producers should be encouraged to produce more food.


“President advised governors to follow the example of Kano State in dealing with hoarding of food for profiteering by commodities merchants.


“He directed the Inspector-General of Police, National Security Adviser, Department of State Services to monitor warehouses hoarding food items across the country and stop profiteering by merchants.


“The President charged governors to pay attention to livestock development in their states and increase production, most especially poultry and fishing products.


“The President pleaded with governors to ensure all salary arrears to workers, gratuities to workers and pensioners, are cleared as a way to put money into the hands of the people since states are now getting more monthly FAAC revenue.


“Spend the money, don’t spend the people, he urged the governors.”

 

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