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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GRIDLOCK AS PETROL TANKER EXPLODES ON LAGOS-IBADAN EXPRESSWAY. (PHOTO).

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 Gridlock as petrol tanker explodes on Lagos-Ibadan Expressway


A tanker conveying Premium Motor Spirit (PMS) on Saturday morning exploded after falling on its side at the Ibafo axis of the Lagos-Ibadan Expressway, causing gridlock.

Mrs Florence Okpe, the spokesperson, Federal Road Safety Corps (FRSC) in Ogun, confirmed the incident to News Agency of Nigeria (NAN) in Abeokuta.

Okpe said that men of the Ogun State Fire Service were at the scene of the crash, with efforts ongoing to put out the fire.

“FRSC operatives from Ibafo outpost are on ground managing the traffic situation.

“We are witnessing traffic build up between Ago Igbala, the road traffic crash scene, and MFM prayer city on the outward Lagos section of the expressway,” she said.

Okpe said that full details of the crash would be provided as soon as possible.

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