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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SUSPENDED SEN. NINGI RESIGNS AS THE CHAIRMAN OF THE NORTHERN SENATORS FORUM.(PHOTO).

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Suspended Senator Ningi Resigns 


Senator Abdul Ningi has resigned his position as the chairman of the Northern Senators Forum (NSF).


This comes barely an hour after Ningi was suspended for three months for alleging that the 2024 budget had been padded with illegal projects worth over N3 trillion.


Earlier, Senator Jimoh Ibrahim moved the motion for Ningi’s suspension for 12 months over allegations of criminal misinformation and breach of peace in the National Assembly and the country by extension.


But Senator Asuquo Ekpenyong moved for the amendment of the motion by Ibrahim.


Ekpenyong, who is from Cross River South Senatorial District; and Senator Abdulfatai Buhari from Oyo North prayed for the reduction of the suspension to six and three months respectively.


Akpabio, who described Ningi’s offences as “grievous”, conducted a voice vote during which most of the lawmakers voted in support of Ningi’s suspension for three months.


In an interview, Ningi had claimed that the Federal Government is operating two versions of the 2024 budget and that the N28.7 trillion Budget passed and signed into law by President Bola Tinubu was skewed against the north.

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