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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ON WORLD ENVIRONMENT DAY, PRESIDENT TINUBU CALLS FOR WIN-WIN TRANSITION TO PROSPEROUS AND CLEAN ECONOMY FUTURE. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE


ON WORLD ENVIRONMENT DAY, PRESIDENT TINUBU CALLS FOR WIN-WIN TRANSITION TO PROSPEROUS AND CLEAN ECONOMY FUTURE



On the special occasion of World Environment Day marked every June 5, President Bola Tinubu calls for earnest effort and action by citizens, stakeholders, institutions, and development partners to safeguard the environment and ensure a win-win transition to a prosperous and clean economy future for all.


The World Environment Day, established by the United Nations during the Stockholm Conference on the Human Environment in 1972, is an important moment for raising awareness on environmental matters.


The theme of this year's occasion, 'Land restoration, desertification and drought resilience', is very significant, particularly for Nigeria, where the scourge of drought threatens parts of the country.


According to the projections of the UN Convention to Combat Desertification, about 40 percent of our planet’s land is degraded, which directly impacts half of the world’s population. 


The UN Convention to Combat Desertification also says the number and duration of droughts have increased by 29 percent since 2000 and that without urgent action, droughts may affect over three-quarters of the world's population by 2050.


In his determined march towards Nigeria's aspiration to achieve carbon neutrality by 2060, President Tinubu established the Presidential Committee on Climate Action and Green Economic Solutions, which he chairs, to oversee the nation's climate mitigation and adaptation efforts, as well as green economy initiatives.


The President also approved the establishment of Nigeria's first Green Industrial Zone, Evergreen City, which is poised to be the leading manufacturing hub in Africa for renewable energy technologies, green solutions, and climate-adaptation technologies.


The President restates his commitment to ensuring the planting of 25 million trees by 2030, not only to protect the environment but also to provide opportunities for Nigeria's youths within the green-economy value chain.


While calling for a more proactive approach to protect the land and ecosystem through afforestation, water conservation, and the cessation of indiscriminate felling of trees, President Tinubu emphasizes that to heal our world, we must begin by healing the land and its people.


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


June 5, 2024

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