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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LASG SET TO REMOVE SHANTIES, ILLEGAL STRUCTURES AROUND JAKANDE ESTATE, MAIYEGUN AXIS. (PHOTOS). #PRESS RELEASE

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 Lagos set to remove shanties built around Jakandle Estate and mayegun axis of Ajah Lagos.


The Lagos State government is set to remove shanties and all illegal structures erected around the jakande estate and Mayegun axis, Ajah Lagos.


The Special Adviser to the Governor on eGIS and Urban development, Dr. Olajide Babatunde disclosed this on Sunday during an inspection of the area.


He decried the level of distortion of the area with the erection of shanties and illegal structures defacing boundaries of Jakande estate and the adjoining roads,, setbacks and drainage alignments especially the planned Lagos to Calabar  coastal highway project.


He advised occupants  of the shanties and illegal structures to vacate immiediately as government  will not give further notice before removal of the structures.


He said "removal notices had been served severally on the occupants of these shanties but they have remained adamant. You can see that some of them have started removing the illegal structures themselves but I will implore those yet to comply to do so immiediately as removal of these illegal structures begins today"


On the inspection tour of the mayegun/ Jakande estate axis includes the Permanent Secretary, Office of Urban Development, Engr. Sodeinde Nurudeen, General Manager of the State Building Control Agency, Arc Gbolahan Owodunni Oki as well as security details and media representatives.


Public Affairs unit

LASBCA. 

More photos below. 




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