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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NATIONAL GRID SHUTDOWN TREASONABLE- SGF. (PHOTO).

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 National grid shutdown treasonable – SGF


The Secretary to the Government of the Federation, George Akume, on Thursday, condemned the shutdown of the national grid during the suspended industrial action by organised labour.

He described the action as a treasonable felony, adding there was nowhere in the world that organised labour had shut down a country’s national grid.

The Transmission Company of Nigeria’s workers union had shut down the national grid on Monday to join the nationwide strike embarked on by the organised labour.

The organised labour went on strike to compel the government to agree on a new minimum wage for workers.

The shutdown of the national grid resulted in a nationwide blackout.

Addressing the National Executive Council of the Christian Association of Nigeria in Abuja, the SGF stated that President Bola Tinubu was making frantic efforts to rebuild the country, saying that, “they (labour) want to destroy it”.

He said, “Nowhere in the world has labour ever tampered with the national grid. It is treason! A treasonable felony is economic sabotage, you don’t do that.

“We are trying to rebuild the economy. The President is picking up, and they want to destroy it. Of what use is that to all of us? That is not the way.”

Akume also said the country’s foreign reserves were zero when the President took over, adding that there had been massive reforms under the incumbent administration.

He said, “We took over in very turbulent weather. Foreign reserves were zero but there have been massive reforms carried out by the President. One of them, which appeared to be a little bit tough for people to understand, is the subsidy removal of fuel. People should stop shouting; they need to know the actual truth.”

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