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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EDO POLITICS: SHAIBU DENOUNCES IMPEACHMENT, REMOVAL FROK OFFICE, SAYS ACTION IS ILLEGAL. (PHOTO). #PRESS RELEASE.

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 Edo Politics : Shaibu denounces impeachment, removal from office, says action is illegal


GENTLEMEN OF THE PRESS, PROTOCOLS


I thank you all for standing by me under these troubling circumstances. As the Deputy Governor of Edo State, it is with a heavy heart, yet a resolute spirit, that I stand before you to address the recent events that have unfolded within our dear state.


I denounce in the strongest terms the illegal impeachment by the Edo State House of Assembly over trumped-up charges. This is not just an attack on me as an individual, but on the very democratic principles that we hold dear. It is a dangerous descent into dictatorship and a threat to the foundation of our democracy.


Let me be clear – I believe that this impeachment was hatched because of my ambition to contest the Edo 2024 governorship elections under the Peoples Democratic Party (PDP). It is a sad reality that in our political landscape, ambition is met with resistance, and those in power seek to silence opposition through illegitimate means.


I have dedicated my life to serving the good people of Edo State with integrity and honesty. I have worked tirelessly to improve the lives of our citizens and to uphold the values of democracy and justice. And yet, in return, I am faced with baseless accusations and a blatant disregard for due process and the rule of law.


The allegations brought against me are nothing more than a smokescreen to conceal the true motive behind this impeachment. It is a flagrant abuse of power and a betrayal of the trust that the people of Edo State have placed in their elected officials.


We refuse to stand idly by while our democratic institutions are manipulated and exploited for personal gain. We will fight this injustice with every ounce of strength in my being, for the sake of the people of Edo State and for the future of our democracy.


I call upon all well-meaning citizens of Edo State, and indeed all Nigerians who believe in the principles of democracy and justice, to stand with me in this moment of crisis. We cannot allow tyranny and oppression to take root in our society. We must resist the forces that seek to undermine our freedoms and trample upon our rights.


To the members of the Edo State House of Assembly who have chosen to forsake their oath of office and participate in this charade, I say this – history will judge you harshly for your betrayal of the people who elected you to represent their interests. But know this, you do not have the power to silence the voice of justice and truth.


I call upon the judiciary and all relevant authorities to intervene and uphold the principles of justice and fairness. Let the truth prevail over lies and let the rule of law triumph over lawlessness. I am confident that the legal system will vindicate me and expose the sham that has been orchestrated against me.


I want to reaffirm my commitment to the people of Edo State and to the values that bind us together as a collective. I will not be deterred or intimidated by those who seek to subvert our democracy. I will continue to fight for the rights and freedoms of all Nigerians, and I will stand firm in my resolve to see justice done.


As we stand united in the face of tyranny and oppression. Together, we will overcome this dark chapter in our history and emerge stronger and more resolute in our pursuit of a free and just society.


Rt. Hon. Comrade Philip Shaibu,

Deputy Governor,

Edo State.

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