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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LP CRISIS: I DIDN'T PROMISE YO BUILD NEW PSRTY - PETER OBI ON IGNORING NATIONAL CONVENTION. (PHOTO).

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 LP crisis: I didn’t promise to build new party – Peter Obi on ignoring national convention


The 2023 Labour Party, LP, presidential candidate, Mr Peter Obi, has said he promised to rebuild Nigeria and not to build a new party.


Obi made the remark while disclosing why he ignored the LP’s National convention in Anambra State.


Addressing Nigerians on X Space hosted by Parallel Facts on Friday, Peter Obi said he ignored the convention because the party leadership under Julius Abure failed to conduct wide consultation with key stakeholders of the party before embarking on the said convention.


He stressed the need for the right thing to be done to salvage the party, adding that he is more passionate about building a new Nigeria than building a new Labour Party.


“We promised to build Nigeria, we did not promise to build a New Labour Party,” Obi said.


He also threw his weight behind the call for a structure for the ‘Obidient’ movement.


“It is the standard practice around the world where movements form themselves into blocs and are part of the political process,” he added.


Two factional groups respectively led by Julius Abure and Apapa Lamidi have been claiming supremacy.


Also, the Nigerian Labour Congress, NLC, is against Abure’s leadership of the party


However, Abure was reelected during the controversial national convention organized in Anambra State.

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