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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LOCAL COUNCIL AUTONOMY UNSUSTAINABLE NOW-OYO. (PHOTO).

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 Local council autonomy unsustainable now – Oyo


Oyo State Government has argued that local government autonomy can only be sustainable if the Federal Government steps in to take up financial responsibilities for public primary schools and medical institutions to relieve the financial burdens of the State Government 

The Commissioner for Information, Prince Dotun Oyelade spoke in a remarks when he visited his counterpart at the Local Government Ministry, Mr. Segun Olayiwola on a fact finding mission. 

He noted that the salaries and allowances of teachers and local government employees in Oyo state amount to over N5billion every month,  which the State has been managing judiciously to bring dividends of democracy to the grassroots

Acknowledging Governor Makinde’s commitment to traditional institutions, Oyelade said the imminent completion of the palace of Olubadan of Ibadan land is possible largely because of the personal intervention of the government. 

The commissioner praised the Governor for working closely with traditional institutions towards strengthening security architecture across the state, curbing activities of illegal miners  through community based approach and stopping the menace of land grabbers and herdsmen.

Olayiwola said the Makinde’s administration has enthroned imperial majesties, royal majesties, royal highnesses and Baales running to over 60 in a bid to secure the territorial integrity of Oyo state.

Speaking on the vacant Alaafin of Oyo  stool, the he said government is  committed to the age- long tradition of the selection process, assuring that the administration will ensure the integrity of the selection process and prevent any form of compromises in choosing a new Alaafin of Oyo for the people.

Regarding the upcoming April 27th Local Government election, the Commissioner assured the public that the Ministry is working tirelessly to ensure that the election is free and fair.

Reiterating the Ministry’s commitment to upholding democracy and good governance in the state, the Commissioner stressed the importance of a peaceful electoral process. He further urged all stakeholders, including political parties, candidates, and voters, to abide by the rules and regulations of the  electoral commission.

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