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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NRC BLAMES RECENT ABUJA-KADUNA TRAIN DERAILMENT ON VANDALS. (PHOTO).

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 NRC Blames Recent Abuja-Kaduna Train Derailment On Vandals


Following the derailment of an Abuja-Kaduna train at the Asham station in the Chikun area of Kaduna State, the Nigerian Railway Corporation (NRC) has blamed the action on vandals.


The incident occurred at 3:52 pm on Wednesday shortly after the train departed the Kubwa station in the nation’s capital.


In a statement, the NRC said the train “experienced train technical hitch in our operation at Asham Railway Station in Chikun Local Government of Kaduna State.”


“This minor hitch is attributed to the removal of track fastening clips by vandals,” the statement signed by the corporation’s Deputy Director of Public Relations, Yakub Mahmood, read.


“However, the NRC Management remains resolute towards ensuring the safety of our valued passengers in the entire system.”


Earlier, the agency said it would cancel the first train scheduled for Thursday, June 6 from Kaduna State.


It, however, assured that other train services would go on as planned, apologising to the public for any inconvenience the action may cause.


“For operational reasons, the first train from Kaduna (Rigasa) scheduled for 08.00 hours will be cancelled on Thursday 6th June 2024 only, while all other train services will run as scheduled.


“NRC Management deeply regrets the inconveniences that this technical hitch might have caused our esteemed passengers,” Mahmood said.


This is not the first time a train will derail in Kaduna State. On May 26, 2024, a train conveying passengers from Abuja to Kaduna derailed at Jere in Kaduna State.

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