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

FUEL HITS N1, 000 PER LITRE AS SCARCITY BITES HARDER IN KADUNA. (PHOTO).


 Fuel Hits N1,000 Per Litre As Scarcity Bites Harder In Kaduna


Fuel scarcity is biting hard on Kaduna residents as motorists are forced to buy the product for as high as N1, 100 per liter from black marketers.


Our correspondent reports that many passengers going to work and their business premises were stranded following the scarcity of fuel across the state and very few commercial operators were providing services.


Most filling stations were not dispensing fuel and the few which had the product hiked the pump price to between N750 and N810 per liter. Despite the hike, long queues were seen at the stations.


A resident, Mohammed Amin, said he bought half a gallon of fuel which amounts to two liters for N2, 200. He said he was considering dropping his vehicle and opting for commercial means of transportation if the problem persisted.


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Our correspondent further gathered that commercial operators are also taking advantage of the scarcity to hike up their fares.


A commuter, Amina Isa, who said she usually paid N100 from NNPC filling station in Millennium city to a roundabout where she picks another tricycle to her destination,  revealed that, “After waiting three hours without getting a ride, I had no option but to board the next available keke who charged me N300 to the same destination.”


Another passenger, Moses Joseph, said he paid N400 instead of N200 from Kakuri to Ahmadu Bello Way.


Also, Mrs. Anna Yohanna who boarded a bus from Goni Gora to Kaduna Central Market, said she paid N500 instead of N250.

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