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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PRESIDENT TINUBU MOURNS FORMER YOBE GOVERNOR, BUKAR ABBA IBRAHIM. (PHOTO).

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU MOURNS FORMER YOBE GOVERNOR, BUKAR ABBA IBRAHIM



President Bola Tinubu has received the news of the passing of Senator Bukar Abba Ibrahim, former governor of Yobe State and Senator representing Yobe East, with immense grief. 


On behalf of the Federal Government, the President extends his heartfelt sympathy and condolences to the family, friends, and associates of the late Senator and the government and people of Yobe State. 


''Former Governor Ibrahim was a personal friend and a consummate leader who served the people of Yobe with dedication during his extensive political career.


''As a senator for 12 years, his wealth of experience was a guiding force in the National Assembly. Generations to come will remember him for always placing the progress and welfare of the people at the heart of his service,'' the President says. 


President Tinubu prays that Almighty God grant the departed statesman eternal rest. 


Chief Ajuri Ngelale


Special Adviser to the President 


(Media & Publicity) 


February 4, 2024

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