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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UPDATE: NNAMDI KANU SIGNALS POTENTIAL NEGOTIATION WITH FG.(PHOTO).

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 Legal Developments: Nnamdi Kanu signals potential negotiation with FG


Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has expressed intentions to pursue negotiations with the Federal Government of Nigeria, according to statements made by his lawyer, Alloy Ejimakor, during proceedings before Justice Binta Nyako at the Federal High Court.


Ejimakor informed the court that Kanu, under Section 17 of the Federal High Court Act, intends to seek negotiations with the federal authorities.


This announcement followed the presentation of two applications by Kanu’s legal team: one involving Form 49 and another challenging the court’s jurisdiction over the case.


In response, counsel representing the federal government, Adegboyega Awomolo, clarified to the court that he lacks the authority to negotiate on behalf of the government. He emphasized that any negotiation must involve the Attorney General of the Federation.


The Form 49 application, also raised during the proceedings, pertains to a contempt charge against the Department of State Services (DSS) for allegedly failing to comply with court orders granting Kanu unrestricted access to his legal representatives. The DSS has reportedly not adhered to these directives.


Additionally, Kanu’s legal team challenged the remaining seven charges retained by the court, following the striking out of eight charges from an initial 15-count charge.


Justice Nyako indicated that she cannot overrule her previous decisions and suggested that Kanu should pursue an appeal.


The developments in court underscore ongoing legal maneuvers and the complex dynamics surrounding Kanu’s case, which has garnered significant attention both domestically and internationally.

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