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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CUSTOMS SEIZED 120 TRUCKS OD SMUGGLED GRAINS IN TWO WEEKS- ADENIYI. (PHOTO).

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 Customs seized 120 trucks of smuggled grains in two weeks – Adeniyi

Comptroller General of the Nigerian Customs Service, Bashir Adewale Adeniyi, on Tuesday, disclosed that the service has arrested about 120 trucks smuggling food items from Nigeria to other countries.


Adeniyi, who was speaking at the sectoral debate organised by the House of Representatives, said the president had given a directive that the arrested trucks be diverted to the local markets in the areas where they were arrested in order to force down the process of grains and other food items.


The NCS boss, however, decried the attitude of border communities who have engaged security agents in a bid to smuggle grains out of the country.


Adeniyi added that the decision to stop the smuggling of food items was to combat hunger and not encourage those who want to enrich themselves at the expense of the people.


He warned against adopting quick-fix solutions to addressing the food scarcity in the country, adding that the country must put in place long-term measures to address the situation.


Adeniyi said that the Customs was playing its part in ensuring that the problem of food security is addressed, adding that currently, most agriculture inputs attract zero duty and zero VAT.

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