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

THIRD MAINLAND BRIDGE CLOSED FOR 24-HOUR REPAIR. (PHOTO)


 Third Mainland bridge closed for 24-hour repair 

The Third Mainland Bridge will undergo a 24-hour traffic closure, starting from midnight on Sunday, February 18, until midnight on Monday, February 19. 

Mrs. Olukorede Kesha, the Federal Controller of Works in Lagos State, revealed this information on Saturday.

The closure aims to facilitate crucial repairs on a section of the bridge.

“Notification of 24 hours closure of Iyana-Oworonshoki – Lagos Island bound Traffic From 12.00 a.m on Sunday February 18th to 12.00 am on Monday February, 19, 2024.

She said: “The federal government through the Federal Ministry of Works wish to inform the motoring public that the Third Mainland Bridge in Lagos will not be available for 24 hours for motorists from Iyana Oworonshoki- Lagos Island bound.

“Traffic resumes on Monday by 12.00 a.m on this bound.

“However, motorists coming out of the Island and heading towards Oworonshoki will have full access throughout the 24 hours closure.

“The temporary 24 hours closure of the Iyana Oworonshoki- Adeniji Adele bound traffic is to enable the ministry carry out effective repairs on an important section of the bridge,” Kesha said.

Motorists are encouraged to seek alternative routes, follow instructions from traffic authorities, and remain patient with government officials during the 24-hour closure of the bridge for repairs.

Suggested alternative routes for motorists during the repair period include Ojota-Ikorodu Road-Funsho Williams Avenue-Eko Bridge-Apogbon-CMS, Ojota-Ikorodu Road-Jibowu-Yaba-Oyingbo-Iddo-Carter bridge-CMS, and Gbagada-Anthony-Ikorodu Road-Funsho Williams-Eko Bridge-Apogbon-CMS.

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