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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PDP URGES FG TO IMMORTALIZE LATE OLUBADAN. (PHOTO). #PRESS RELEASE

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 March 17, 2024


Press Statement


PDP Urges FG to Immortalize Late Olubadan


The Peoples Democratic Party (PDP) calls on the Federal Government to immortalize the late highly revered royal father, the Olubadan of Ibadan, His Imperial Majesty, Oba Dr. Mohood Lekan Balogun, Alli Okunmade II for his outstanding contributions to national unity, security, political and economic development of our country. 


The Party deeply commiserates with Governor of Oyo State, Engr. Seyi Makinde, Seyi Makinde the Royal Family, the Olubadan in Council, the Ibadanland and the entire people of Oyo State for the passing of the Olubadan, describing it as a huge national loss.


The late Olubadan live a fulfilled life as a legend; a magnificent and compassionate king who with penetrating wisdom and transcendental glory bestrode life like a colossus, defied impermanence, gained immortality even in the mortal realm and etched his indelible footprints on the sand of time.


He was an incorruptible personality, an inexhaustible reservoir of our cultural heritage, interminable source of wisdom and vision; and who with great virtuousness led his people and made innumerable contributions towards the peace, unity and stability of our dear nation; legacies that will remain evergreen in the annals of Nigeria.


The PDP stands with Governor Makinde, the Royal Family, the Olubadan in Council and the people of Ibadan and prays that we all receive comfort and fortitude at this critical moment.


Signed:


Hon. Debo Ologunagba 

National Publicity Secretary

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