INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

STATE POLICE WILL DEEPEN INTERNAL SECURITY- SENATE LEADER. (PHOTO).


 State police will deepen internal security – Senate Leader


The Senate Leader, Opeyemi Bamidele on Monday said creating state police would deepen internal security in the country.


Opeyemi said this in a statement in Abuja released by the Directorate of Media and Publicity, Office of the Senate Leader.


He said the need for state police was due to the present police system, which he described as “ailing and dysfunctional”.


“We must admit that the system can no longer guarantee the dignity of human lives and the security of collective assets considering our security dynamics in the Fourth Republic.


“The proposal for the creation of state police has been a subject of intense debate in the last decade or more.


“This, in part, can be attributed to the rise of armed attacks orchestrated by diverse interests either pursuing divisive agenda or seeking predatory ends in virtually all geo-political zones,” he said.


He said Nigeria, as one of the world’s fastest growing nations in terms of population, could not continue operating a unitarist security architecture in spite of its strong federal tendencies.


“Such a policing model cannot meaningfully address existential threats to our internal cohesion and stability.


“Unlike in 1979 when we had a population of 70.75 million, Nigeria is now a federation of about 229 million people, currently the world’s sixth biggest country.


“This is as shown in the demographic data of the United Nations. Contrarily, as revealed in the recent presentation of the Inspector-General of Police, Mr Kayode Egbetokun, Nigeria has a police-citizen ratio of one to 650.


“This ratio is a far cry from a ratio of one to 460, which according to the United Nations, is a minimum requirement for every sovereign state or territory worldwide,” said Bamidele.


He added that the shortfall further reinforced the dysfunctionality of the centrally-controlled model the country was currently operating.


He said the ongoing review of the 1999 Constitution would avail stakeholders the opportunity to redefine governance structure and recalibrate the security architecture.


“But we must go about it with a clear sense of self-realisation. We must, first and foremost, realise that the present police system is ailing and dysfunctional.


“We must also admit that the system can no longer guarantee the dignity of human lives and the security of collective assets.


“With this admission, it is evident that the option of adopting state police is no doubt inevitable as an antidote to diverse security challenges that threaten us as a federation,” he said.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).