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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OLUBADAN-DESIGNATE OLAKULEHIN RETURNS TO IBADAN, SET FOR CORONATION. (PHOTO).

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 Olubadan-designate Olakulehin returns to Ibadan, set for coronation


The Olubadan-designate Oba Owolabi Olakulehin has returned to his Alalubosa Ibadan, residence.


This allays fears his absence has generated among the Olubadan-in-council, Ibadan and environs.


The Olubadan stool became vacant following the death of the 42nd Olubadan, Oba Lekan Balogun at 81.


Speaking with newsmen after visiting the incoming monarch, the Osi Balogun Olubadan of Ibadanland, Oba Lateef Adebimpe, who led other three high Chiefs to Olakulehin’s residence, said the Olubadan-designate is hale and hearty.


According to him, it is impossible for the Olubadan-in-Council to nominate Olakulehin unless they are sure that he is in good condition


He said: “It has been some time we have seen our Kabiyies Owolabi Olakulehin in our midst and we have been making arrangements for Olakulehin’s coronation ceremony, who is our new Olubadan of Ibadanland.


“We thank God that he is hale and hearty, and very soon, he will ascend the throne of his fore fathers, we will relate what we see here to our colleagues.Also at the meeting was the Osi Olubadan, Oba Eddy Oyewole; the Ashipa Olubadan, Abiodun Kola-Daisi and Asipa Balogun Olubadan, Oba Kola Adegbola


The next Olubadan, according to traditional arrangement in Ibadanland, is the Balogun of Ibadanland, Oba Owolabi Olakulehin.


Going by Ibadan chieftaincy arrangement, for Olakulehin to become Olubadan, he must be nominated by the next person to him in his line, Otun Balogun Tajudeen Ajibola, at a meeting convened by the most senior chief in the other line, (Ladoja) within 21 days of the demise of the monarch.


The family of the incoming monarch has begun distribution of clothes for the coronation ceremony.

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