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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COURT UPHOLDS ADO BAYERO'S RIGHTS, AWARDS N10M AGAINST KANO GOVT. (PHOTO).

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 Court Upholds Ado Bayero’s Rights, Awards N10m Against Kano Govt


A Federal High Court in Kano has awarded N10 million compensation to Emir Aminu Ado Bayero over the order for his arrest and eviction from the palace.


Governor Abba Kabir Yusuf had dethroned Ado Bayero last month and ordered him to hand over power within 48 hours.


But Ado Bayero, who was out of Kano at the time the order was given, returned and moved into the mini palace in Nasarawa.


Irked by the development, Governor Yusuf ordered his immediate arrest.


The 15th Emir of Kano had headed for the court to challenge Yusuf’s action.


Ado Bayero also asked the court to nullify the law through which the governor deposed him and reinstated Emir Muhammadu Sanusi II.


Respondents in the suit were the Attorney-General of the Federation, the Attorney General of Kano State, the Nigeria Police Force, the Inspector-General of Police (IGP), the Commissioner of Police in Kano, the State Security Service (SSS), the Nigeria Security and Civil Defence Corps (NSCDC), the Nigerian Army, the Nigerian Air force, and the Nigerian Navy.

Delivering judgment on Friday, Justice Simon Amobeda held that his court had jurisdiction to hear and entertain the matter being fundamental rights enforcement application.


He also averred that Ado Bayero has the liberty and legal right to move freely and live anywhere in Kano or elsewhere in Nigeria.


The court, however, declined to order eviction of Sanusi from the Gidan Rumfa palace.


Counsel to Kano state government and Sanusi, Ibrahim Isa Wangida, described the judgement as a victory for the emir and his admirers as the court did not void the law that warranted Sanusi’s reinstatement.


He said he would consult his clients on whether or not they will appeal the award of N10 million against them.


Counsel to Ado Bayero, Abdulrazaq Ahmad, said he had been vindicated by the judgement that the court has inherent powers to hear and determine the case and that the fundamental rights of his client were breached or about to be breached.


He said the judgement has restrained the state government or any security agencies from breaching the rights of the emir.

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