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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PRESIDENT TINUBU APPOINTS CHIEF EXECUTIVE OFFICER OF THE NIGERIAN CONSUMER CREDIT CORPORATION (CREDICORP). (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE

 

PRESIDENT TINUBU APPOINTS CHIEF EXECUTIVE OFFICER OF THE NIGERIAN CONSUMER CREDIT CORPORATION (CREDICORP)

 


In keeping with his dedicated efforts to ensure financial inclusion and economic prosperity for the majority of Nigerians, President Bola Tinubu has approved the appointment of Engineer Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP).

 

Engineer Nwagba, 36, holds a Master’s of Business Administration from the Harvard Business School and a first-class Bachelor’s of Engineering from Howard University, Washington DC.

 

Prior to his appointment, Engineer Nwagba served as Chief Operating Officer of the Bank of Industry, in charge of driving micro-credit and other financial interventions at the institution.

 

He had also served as Senior Investment Associate, specializing in financial services (banking, insurance, pensions) at the African Capital Alliance. 

 

Engineer Nwagba was a Software Engineer at Microsoft, where he led multiple teams charged with building enterprise and mobile software for emerging markets (Brazil, Russia, India, China, South Africa, and Nigeria), before his transition to finance.

 

More information about this landmark initiative of President Bola Tinubu's administration can be found on:

 

credicorp.ng

 

The President expects the new Chief Executive Officer of this critical agency to bring to bear his wealth of experience in finance and technology, as well as his record in driving financial interventions across Nigeria in this new role in order to expand access to credit to all classes of Nigerian citizens, while promoting financial inclusion, and enhancing the quality of life of the Nigerian people as they access the tangibles of prosperity.

 

Chief Ajuri Ngelale 

Special Adviser to the President 

(Media & Publicity)

April 5, 2024

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