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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PRES. TINUBU APPROVES FREE RIDE ON ABUJA METRO RAIL TILL DECEMBER 31.(PHOTO).

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 Tinubu Approves Free Ride On Abuja Metro Rail Till December 31


President Bola Tinubu has approved free ride on the newly commissioned Abuja Rail Transport System till the end of the year.


Speaking during the commissioning of the project in Abuja on Wednesday as part of the commemoration of his one year in office, Tinubu hailed Nyesom Wike, Federal Capital Territory (FCT) Minister, for what he described as the “speedy completion of the project”.


Before now, Wike had announced that the Abuja Light rail will operate freely for two months.


Wike stated this during a ministerial press briefing in Abuja. He had said the free rides would commence on Tuesday, adding that it is part of the president’s renewed hope agenda for residents of the FCT.


However, during the commissioning Ceremony the President said the free ride will last till the end of the year.

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