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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NLC, TUC ISSUE 14-DAY NATIONWIDE STRIKE NOTICE TO FG. (PHOTO).

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 NLC, TUC issue 14-day nationwide strike notice to FG

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The Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, have issued a 14-day nationwide strike notice to the Federal Government.


Their grouse is the non-implementation of the 16-point agreement between organised labour (NLC and TUC) and the Federal Government on October 2, 2023.


Leaders of the NLC and TUC are sad that, despite organised labour’s efforts to ensure industrial peace, the government seems unperturbed by the mass suffering and hardship across the country.


The October 2 agreement was “focused on addressing the massive suffering and the general harsh socioeconomic consequences of the ill-conceived and ill-executed IMF/World Bank-induced hike in the price of PMS and the devaluation of the naira. These dual policies have had, as we predicted, dire economic consequences for the masses and workers of Nigeria.”


NLC and TUC, in a statement, lamented that “it is regrettable that we are compelled to resort to such measures, but the persistent neglect of the welfare of citizens and Nigerian workers and the massive hardship leave us with no choice.”


Effective February 9 (tomorrow), among others, the two Labour Centres said, “Constrained by this development and recognising the urgency of the situation and the imperative of ensuring the protection and defence of the rights and dignity of Nigerian workers and citizens, the NLC and TUC hereby issue a stern ultimatum to the Federal Government to honour their part of the understanding within 14 days from tomorrow, the 9th day of February 2024.

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