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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FG, SAUDI ARABIA COLLABORATE TO ENHANCE BILATERAL RELATIONS IN AGRICULTURE SECTOR AMONG OTHERS.(PHOTOS). #PRESS RELEASE.

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 PRESS RELEASE


FG, SAUDI ARABIA COLLABORATE TO ENHANCE BILATERAL RELATIONS IN AGRICULTURE SECTOR AMONG OTHERS. 



In an effort to expedite development in the agriculture sector, the Federal Government of Nigeria in collaboration with the Kingdom of Saudi Arabia has strategized to boost food production, export agricultural produce and achieve food and nutrition security.


Speaking during the Business Roundtable Meeting, which took place at Transcrop Hilton Hotel, Abuja, recently, the Hon. Minister of Agriculture and Food Security, Sen. Abubakar Kyari stated that Nigeria is endowed with agricultural potential and investment opportunities that if properly harnessed, would boost food production that can feed the entire nation and be exported as well as enhance the economy of the country.


Sen. Kyari revealed that “It was part of a deliberate move to achieve food production and explore investment opportunities in the country, that President Bola Ahmed Tinubu recently met with the Crown Prince of Saudi Arabia with a follow up meeting being held in Nigeria between the two countries to rekindle the earlier commitment’’


He added that ‘’in prioritizing agriculture and food security, President Tinubu has left no one in doubt as to his willingness and readiness to accommodate a range of ideas that can sustainably develop and encourage investments in the sector’’


In his remarks, the Head of the Kingdom of Saudi Arabia Delegation and Minister of Environment, Water and Agriculture,  Engr Abdulrahman Alfadley said that they were in Nigeria to cement relationship between the two countries especially in the areas of comparative advantage including agriculture, investment, economy and job creation.


Earlier, Chairman, Nigerian Governors Forum and Governor of Kwara State, Abdullahman Abdullazaq, pointed out that all lands belong to States ‘’ the Nigerian Governors were willing to channel the lands in their care for full agricultural venture for consumption and export’’.


Also, speaking at the event, Minister of Budget and Economic Planning, Sen. Abubakar Bagudu appealed to the government of Saudi Arabia and Saudi private investors to invest in the Nigerian agricultural ecosystem.


He added that the Nigerian government is ready to partner with genuine investors to improve the nation’s agricultural system and achieve food and nutrition security.


In attendance were the Nigerian delegation led by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, Minister of Water Resources and Sanitation, Professor Joseph Terlumun Utsev, Minister of Budget and Economic Planning, Senator Abubakar Bagudu and Chairman Nigeria Governors Forum, Abdulrahman Abdullazaq and the  delegation from the Kingdom of Saudi Arabia led by its Minister of Environment, Water and Agriculture Engr. Abdulrahman Alfadley, Relevant Stakeholders ,among others.


Ezeaja Ikemefuna

AD, Information

For: Director, Information

13/5/2024.

One more photo below. 

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