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

OLUKOYEDE CHARGES ALGON ON WORKABLE STRATEGIES AGAINST CORRUPTION. (PHOTOS). #PRESS RELEASE


 Olukoyede Charges ALGON on Workable Strategies against Corruption


Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has charged the Association of Local Governments of Nigeria, ALGON, to evolve functional strategies and initiatives to tackle corruption and improve governance at the local government level.


He gave the charge in Abuja on Tuesday, February 27, 2024, at a two-day national workshop and  Official Flag-off of Anti-Corruption Preventive Tools  entitled: War Against Corruption at Grassroots holding at the EFCC Academy.


Olukoyede who spoke through the Secretary to the Commission, Mohammed Hammajoda, charged participants to leverage on their collective wisdom, experiences and insights to forge strategies and initiatives to strengthen the fight against corruption through transparency and accountability in local government administration.


“As we delve into the discussions over the next few days, let us leverage on the collective wisdom, experiences, and insights of our distinguished guests and participants. Together, we can forge strategies and initiatives that will not only strengthen the fight against corruption but also enhance transparency and accountability in our local governance structures”, he said.


He called for radical improvement of governance at the grassroots,  maintaining that only determined efforts against corruption would offer Nigerians a new lease of life.


In his opening remark, Chairman Board of Trustees, ALGON, Odunayo Ategbero says prevention of corruption is better than cure, pointing out that a bottom-top approach in tackling corruption would offer meaningful development to Nigerians. “Therefore, the third tier of government, which is the local government, is where corruption can be effectively prevented, because prevention is better than cure”, he said.


 He further stated that “the fight against corruption and other societal ills bedeviling our country is the collective responsibility of everyone in our society. Therefore, a forum like this is needed to create awareness for all and sundry to tackle corruption headlong”. He  tasked  the EFCC to enforce the fight against corruption at all levels of governance in Nigeria.


Minister for Special Duties and Inter-governmental Affairs, Zaphaniah Bitrus Jisalo, commended the initiatives of the EFCC and ALGON concerning the workshop.


He called for robust discussions,  exchange of ideas and proper implementation of resolutions at the end of the workshop.

Several dignitaries thronged the opening ceremony of the two-day workshop. One of them,  Senator Shehu Umar called on the EFCC to maintain regular vigilance on the activities of both state and  local government officials across the country.  He also called on managers of  local government to collaborate more with the Commission through intelligence sharing  aimed at combating corruption at the grassroots.


 The two day workshop targeted at local government chairmen, coordinators of development area centers, local government secretaries,  heads of personnel management,  treasurers,  local government auditors,  council speakers and other workers is  expected to leverage on their  mobilization and sensitization  for accountable and prudent management of resources at the local level.

More photos below. 






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