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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NIGERIA OPENS LAND AND AIR BORDERS WITH REPUBLIC OF NIGER, LIFTS OTHER SANCTIONS. (PHOTO). #PRESS RELEASE

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 STATE HOUSE PRESS RELEASE 


NIGERIA OPENS LAND AND AIR BORDERS WITH REPUBLIC OF NIGER, LIFTS OTHER SANCTIONS



President Bola Tinubu has directed the opening of Nigeria's land and air borders with the Republic of Niger and the lifting of other sanctions against the country with immediate effect.


This directive is in compliance with the decisions of the ECOWAS Authority of Heads of State and Government at its extraordinary summit on February 24, 2024, in Abuja.


ECOWAS leaders had agreed to lift economic sanctions against the Republic of Niger, Mali, Burkina Faso, and Guinea.


The President has directed that the following sanctions imposed on the Republic of Niger be lifted immediately:


(1) Closure of land and air borders between Nigeria and Niger Republic, as well as ECOWAS no-fly zone on all commercial flights to and from Niger Republic.


(2) Suspension of all commercial and financial transactions between Nigeria and Niger, as well as freeze of all service transactions, including utility services and electricity to Niger Republic.


(3) Freeze of assets of the Republic of Niger in ECOWAS Central Banks and freeze of assets of the Republic of Niger, state enterprises, and parastatals in commercial banks.


(4) Suspension of Niger from all financial assistance and transactions with all financial institutions, particularly EBID and BOAD.


(5) Travel bans on government officials and their family members.


President Tinubu has also approved the lifting of financial and economic sanctions against the Republic of Guinea. 


Chief Ajuri Ngelale 


Special Adviser to the President 


(Media & Publicity)


March 13, 2024

Comments

  1. Anonymous14 March 2024 at 01:15

    What a pity. Opening border sanctions on people that wants to destroy Nigeria but closed the country with FOOD to keep people away from dying of Hunger. It is clear that TINUMBU HAVE NO SAY BUT OBEYING THE CABALS THAT ARE RUNNING NIGERIA WHERE HE WAS AND STILL A SHAREHOLDER

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