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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EDISON EHIE TACKLES RIVERS ASSEMBLY FOR OVERRIDING FUBARA (PHOTO).

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 Edison Ehie Tackles Rivers Assembly For Overriding Fubara


The Chief of Staff to Governor Siminalayi Fubara of Rivers State, Edison Ehie, has challenged the State House of Assembly on the passage into law of the repealed House of Assembly Service Commission Bill, overriding the power of the governor at a plenary on Friday.


The law as repealed took away the power to appoint the chairman and members of the State House of Assembly Service Commission from the governor and vested it in the Assembly.


Ehie, who was a contender for the speakership of the House during the recent political crisis, said the lawmakers lack the power to do so.


He argued that the provision in the Rivers State House of Assembly Service Commission (Amendment) Law, 2024, seeking to vest that power on the House is in clear contravention of the 1999 Constitution, and therefore, a nullity in the eyes of the law.


His argument is contained in a piece he titled, “Can the Rivers State House of Assembly remove the power of the governor to appoint the chairman and members of the Rivers State House of Assembly Service Commission and transfer it to the house?” released on Saturday afternoon in Port Harcourt.


Edison Ehie, a lawyer and former deputy speaker of the House, based his argument on the Constitutional Power of the Governor as ascribed by the 1999 Constitution.


He explained that the Constitution in Section 5(2) vests the executive powers of the state in the governor to make appointments to various executive bodies. Thus, the House of Assembly does not have the authority to make such appointments.


Fubara said the job of the Rivers State House of Assembly ends with the confirmation of the appointees as Section 198 of the 1999 Constitution gives the Governor the power of appointment into various executive bodies.

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