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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CANADA COMMITTED TO STRENGTHENING BILATERAL AND ECONOMIC TIES WITH NIGERIA - TUGGAR. (PHOTO).

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 CANADA COMMITTED TO STRENGTHENING BILATERAL AND ECONOMIC TIES WITH NIGERIA - TUGGAR



The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, on May 10, 2024, paid a working visit to Canada where he engaged with various critical stakeholders in furtherance of Nigeria’s commitment to strengthening bilateral relations with Canada. During his meeting with the Canadian Minister of Foreign Affairs, Mélanie Joly, Tuggar noted that Nigeria is Canada's largest trade partner in Africa and called on both countries to strengthen trade ties, given the ongoing implementation of the AfCFTA. Similarly, the Canadian Minister of Foreign Affairs, Mélanie Joly, stated that Canada is committed to supporting socioeconomic development in Nigeria and the wider region for mutual benefit. Both countries resolved to take steps to finalise the outstanding MOUs, including the bilateral Foreign Investment Protection and Promotion Agreement (FIPPA) ahead of the Canadian Trade Mission to Nigeria in June 2024.


The Ministers also discussed regional security in Africa. Minister Joly lauded Nigeria's leadership role in the region and offered Canada's support in strengthening stability and democracy in West Africa. They also agreed to work together on a range of regional and global issues, ranging from seeking peaceful resolutions to conflicts to multilateral reform and countering disinformation. The bilateral engagement represents a significant step forward in the already robust relations between the two countries.


Tuggar also met with the Canada-Africa Parliamentary Association (CAAF) to discuss Canada-Nigeria relations and regional African issues. He used the opportunity to explain the 4-D foreign policy thrust and ongoing developments in ECOWAS and the implementation of the AfCFTA. Equally, he met with the Parliamentary Secretary, Robert Oliphant, where he explored avenues for enhanced partnership on multilateral reform, African security, education, healthcare, trade, and investment, particularly in the areas of mining, metals refining, energy, and digital economy. Mr. Oliphant expressed deep appreciation for the visit, stating that it demonstrated the robust relations between the two countries.

The Minister also met with the senior leadership of Carleton University and took a tour of its facilities, including the technology and innovation hub, as well as the Institute for African Affairs. 


Carleton University has several partnerships with Nigerian universities and is an example of the strong educational cooperation between Nigeria and Canada. He met with the President of the Business Council of Canada (BCC), Goldy Hyder, where they discussed opportunities for enhanced trade and investment, particularly in renewable energy and infrastructure. The BCC is exploring the possibility of visiting Nigeria later this year to follow up on the productive engagement.


Also, Tuggar met with the Canadian Parliamentary Secretary on Export Promotion, International Trade, and Economic Development, Maninder Sidhu, to expand the bilateral trade relationship between the two countries. Tuggar highlighted the linkages between democracy, stability, and sustainable growth, especially given the emergence of the AfCFTA. The Parliamentary Secretary stated that Canada wants to support Nigeria's economic development. They also discussed partnerships in the areas of infrastructure, energy, agriculture, technology, and AI.

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