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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WORKERS SHUT FCTA GATES OVER LABOUR STRIKE. (PHOTO

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 Workers shut FCTA gates over labour strike


Workers of the Federal Capital Territory Administration (FCTA) under the aegis of the Joint Unions Action Committee (JUAC) on Monday morning shut the gates of the FCTA Secretariat on No. 1 Kapital Road, Area 11, Garki, Abuja.

The premises house the FCT Minister, Nyesom Wike and his Agriculture and Food Security counterpart, Senator Abubakar Kyari.

As early as 8am, the workers who were obeying the strike action by the Nigeria Labour Congress (NLC) had locked the gates and also blocked them with vehicles.

The Nation reports that the Federal Government described as “premature, ineffectual and illegal” Labour’s strike call over the new minimum wage.

It said Organised Labour failed to meet all statutory requirements and International Labour Organisation (ILO) principles before the declaration of industrial action.

It also said there is a subsisting court order precluding Labour from embarking on strike, which is yet to be vacated.

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