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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UPDATE ON OLUBADAN'S CORONATION BEGINS AS FAMILY SHARES ASO EBI. (PHOTO)

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The Osi Balogun of Ibadanland, Oba Lateef Adebimpe, on Friday, announced that all was set for the coronation of the Olubadan-designate, Oba Owolabi Olakulehin, as the new Olubadan of Ibadanland.

Oba Adebimpe made this announcement while speaking with newsmen shortly after members of the Olubadan-In-Council visited the next Olubadan at his private residence at No 1, Cassia Street, Alalubosa Government Reserved Area in the Ibadan South West Local Government Area of Oyo State.

Oba Olakulehin, on Friday, made his first public appearance since the death of the late 42nd Olubadan of Ibadanland, Oba Lekan Balogun, who reigned for two years and died at the age of 81.

Also at the meeting were the Osi Olubadan of Ibadanland, Oba Eddy Oyewole; the Ashipa Olubadan, Oba Abiodun Kola-Daisi: and Asipa Balogun, Oba Kola Adegbola.

Oba Adebimpe said Oba Olakulehin is hale and hearty, adding that, “It is impossible for the Olubadan-In-Council to nominate Olakulehin as the Olubadan unless we are sure that he is in good condition.

“It has been some time since we have seen our Kabiyesi Olakulehin in our midst. Now, 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 forefathers. And we will relate what we saw here to our colleagues.”

Meanwhile, the family of the next paramount ruler has begun the distribution of clothes for the coronation.

Our correspondent observed that clothes were distributed to the members of the family and interested members of the public during the visit to his private residence.

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