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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MARITIME WORKERS TO SHUT SEAPORTS FOR NLC PROTEST. (PHOTO).

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 Maritime workers to shut seaports for NLC protest


The Maritime Workers Union of Nigeria said it will join the two-day nationwide protest being organised by the Nigeria Labour Congress.


This was contained in a statement on Monday by the Head of Media, MWUN, Kennedy Ikemefuna.


Ikemefuna said the move was necessary following the directive of NLC that its affiliate members across the nation should strictly comply.


On February 16, the NLC announced the nationwide protest scheduled for Tuesday and Wednesday over the alleged government’s failure to implement agreements reached between both parties on October 2, 2023, following the removal of the fuel subsidy.


The decision followed the conclusion of a 14-day ultimatum issued to the Federal Government to implement measures against the widespread hardship.


Ikechukwu said, “The MWUN would join the Nigeria Labour Congress’s two-day nationwide protest holding on the 27-28th of February 2024, as directed by the congress after its NEC-in-session meeting held on Monday, in Abuja, directing all its affiliate members across the nation to strictly comply.”


He added that the protest is coming against the backdrop of the Federal Government’s refusal to honour the October 2023 agreement signed with the congress.


“The congress believes that if the agreement had been honoured and implemented, it would have gone a long way to ameliorate the sufferings and hardships of the ill-conceived and ill- ill-implemented policies have brought upon Nigerian Workers and the citizenry of the country,” Ikechukwu said.


He also added that the MWUN as an affiliate of the NLC would comply with the NLC directive.

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