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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GOV. SANWO-OLU COMMISERATES WITH LAGOS SPEAKER, OBASA OVER FATHER'S DEATH. (PHOTO). #PRESS RELEASE.

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GOV. SANWO-OLU COMMISERATES WITH LAGOS SPEAKER, OBASA OVER FATHER'S DEATH


Lagos State Governor, Mr. Babajide Sanwo-Olu has commiserated with the Speaker of the State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, on the death of his beloved father, Alhaji Sulaiman Obasa.


The late Alhaji Sulaiman Obasa died early Tuesday, May 21, 2024, at the age of 83.


Governor Sanwo-Olu in a statement issued on Tuesday by his Special Adviser on Media and Publicity, Mr. Gboyega Akosile, urged Obasa, the deceased family, friends, associates and the entire people of Agege to immortalise the good name of the late businessman.


He said: “As humans, losing our loved ones is one of the most difficult experiences we can face and although they may be gone, the memories and the love we shared are forever etched in our hearts to nurture and cherish.


“we must also take solace in God for a good life lived by the deceased.


“On behalf of my adorable wife, Ibijoke, the government and the people of Lagos State, I sympathise with my brother, the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on the demise of his beloved father, Alhaji Sulaiman Obasa.


"I also send my heartfelt condolences to the entire Obasa family and the people of Agege over the death of the patriarch of the Obasa family. 


“Alhaji Sulaiman Obasa lived a fulfilled life as a religious and community leader. He was a successful businessman, especially in the transportation, oil and gas sectors.


"The immediate family and the entire community would miss the late Alhaji Obasa’s elderly and wise counsel.


"I pray that God will grant Alhaji Sulaiman Obasa eternal rest and grant the family the fortitude to bear the irreparable loss."

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