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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IPOB THREATENS TO CHASE EEDC OUT OF SOUTHEAST. (PHOTO).

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 IPOB threatens to chase EEDC out of southeast


The Indigenous People of Biafra (IPOB) has given the Enugu Electricity Distribution Company (EEDC) an ultimatum to improve its electricity supply in the Southeast or face the consequences.

In a statement by its Media and Publicity Secretary, Comrade Emma Powerful, IPOB accused EEDC of “defrauding her consumers with exorbitant electricity bills without supplying the power.

“The company has refused to give her consumers prepaid electricity meters but keeps giving illegal estimated bills.

“In many communities in the Southeast, EEDC gives community bills running in hundreds of thousands of Naira. Whether the light was provided or not, any village that didn’t pay the illegal estimated bills will have the irregular light supply disconnected.”

IPOB also alleged that EEDC dismantled some community transformers for repairs and maintenance but failed to return them for years, leaving the communities in darkness.

“EEDC has cupped full, and we are going to show them that the people are the owners of the region, and they are reaping Ndigbo off with abysmal power supply and exorbitant bills,” the statement said. “How can our people be paying for lights they did not consume? How wicked is EEDC and its management?”

IPOB called on EEDC to provide adequate electricity supply or exit the Southeast region, warning that it would “chase EEDC out” if the company failed to meet its demands.

“We will welcome any company that will invest in power generation and distribution to quicken the industrialization and development of the Southeast,” the statement said. “But if they continue with the abysmal light supply in the Southeast, IPOB will have no option than to shut down EEDC offices in the Southeast in the shortest possible time.”

The statement also criticised Anambra Governor Chukwuma Soludo, for signing a Memorandum of Understanding (MOU) with EEDC to supply 24 hours of light in Anambra State, which IPOB alleged had not been fulfilled despite the payment of over N100 billion.

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