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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INDONESIA SEEKS MORE COLLABORATION WITH NIGERIA ON OIL AND GAS SECTOR. (PHOTOS). #PRESS RELEASE.

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 PRESS AND PUBLIC RELATIONS UNIT 


*Indonesia Seeks More Collaboration with Nigeria on Oil and Gas sector** 


The Republic of Indonesia has expressed her  desire to foster the existing collaboration with Nigeria on the development of the nation's oil and gas sector.


This was disclosed by the Indonesian Ambassador to Nigeria, Dr. H. Usra Hendra Harahap, during his courtesy visit to the Permanent Secretary, Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella, on Wednesday, 29th May, 2024 in Abuja.


The Indonesian Ambassador said  that Indonesia was exploring ways to sustain her relationship with Nigeria. 


“We are looking for ways to maintain and improve a beneficial cooperation and relationship that we have held for the past 59 years”, he informed.


Specifically, the Ambassador noted that the oil and gas sector of the economy  is of common interest to both countries and  would want to explore areas of more   collaboration with Nigeria in that regard.


He noted that Indonesia imported over 3.8 billion dollars worth of oil and gas from Nigeria in 2023 and  stressed the need for Nigeria and Indonesia to resume discussions on the establishment of a Memorandum of Understanding (MoU)  on the oil and gas sector which had been suspended since 2017. 


He stated that a MoU would help bolster collaboration in the sector, citing the  offer by the Enugu State Governor in 2023 to build a 500-megawatt capacity gas power plant.


In his response, the Permanent Secretary, Amb. Nicholas Agbo Ella said Indonesia had been a good friend of Nigeria, adding that the visit would help improve the relationship between the two countries in promoting Nigeria’s oil and gas for mutual benefits. 


While assuring the Ambassador that the issues around the MoU and Enugu Gas plant would be looked into, he stated that other areas of collaboration and mutual interests would be explored.


Oluwakemi Ogunmakinwa (Mrs.)

Deputy Director ( Press and Public Relations)

More photos below. 



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