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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AIG-IMOUKHUEDE RETURNS AS CHAIRMAN OF ACCESS HOLDING. (PHOTO).

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 Aig-Imoukhuede returns as Chairman of Access Holdings Plc


Access Holdings Plc has announced the return of Aigboje Aig-Imoukhuede, as its Non-Executive Chairman, replacing Abubakar Jimoh.


The Board unanimously decided to invite Aig-Imoukhuede to lead the organization in a statement on Wednesday.


In his acceptance remarks, Aig-Imoukhuede said, “I am thrilled to be back in active service to the Access Group ecosystem. I am confident that working with our directors, our exceptional team of executives, and our best-in-class banking and finance professionals, we will deliver outstanding value to our esteemed stakeholders. I am determined that our shared vision, which Dr. Wigwe gave everything for, will be realized.”


Recall that during Aig-Imoukhuede’s tenure as Group Chief Executive Officer of Access Bank from 2002 to 2013, alongside his late partner and deputy, Dr. Herbert Wigwe, he played a pivotal role in shaping Access Bank’s trajectory.


Under their stewardship, Access Bank transformed into one of Nigeria’s top 5 banks, expanded its footprint across 9 other African countries and the United Kingdom, and grew its customer base from ten thousand to over six million.


The bank’s asset base surged to USD $12 billion, establishing itself as a globally recognized financial institution.


Since retiring as CEO in 2013, Aig-Imoukhuede has been actively involved in various ventures, including co-founding the Tengen Family Office Limited, which oversees a diverse portfolio of investments spanning banking, finance, insurance, technology, real estate, and energy. Additionally, through the Aig-Imoukhuede Foundation, he has been dedicated to nurturing Nigeria’s next generation of leaders and improving access to quality healthcare.


Aig-Imoukhuede’s return to Access Holdings as Non-Executive Chairman underscores the Board’s commitment to building upon the foundation laid by him and Dr. Wigwe. In his new role, Aig-Imoukhuede will collaborate with the Board to provide strategic guidance to the executive management team, leveraging his extensive experience and industry knowledge.


Expressing his excitement about Aig-Imoukhuede’s appointment, Abubakar Jimoh, past Chairman of Access Holdings, said, “Mr. Aig-Imoukhuede’s appointment to the Board and subsequent election as Chairman is a landmark development for Access Holdings. All our board members are excited about our future.”

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