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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APC SACKS NDUME AS SENATE CHIEF WHIP. (PHOTO).

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 APC sacks Ndume as Senate Chief Whip


…names Monguno as new Majority Whip


The All Progressives Congress (APC) on Wednesday sacked Senator Mohammed Ali Ndume (APC-Borno South) as the Majority Whip of the Senate.

The APC appointed Senator Mohammed Tahir Monguno (APC Borno North) as the new Majority Whip of the Senate.

The party said the action has become necessary following Ndume’s recent outburst against the President Bola Ahmed Tinubu’s administration by claiming on a live programme on Arise Television that the federal government is being run by thieves.

The party’s decisions were contained in a letter addressed to the Senate President and read by Senator Godswill Akpabio during plenary.

The letter was signed by the National Secretary of the APC, Senator Ajibola Basiru and the National Publicity Secretary of the APC, Felix Morka.

Akpabio directing the Sergeant-At-Arms to lead Monguno to occupy the seat of the Majority Whip later named Ndume as the new chairman of the Senate Committee on Tourism in a minor reshuffle in Senate Committees.

Ndume was also stripped of his Vice Chairmanship of the Senate Committee on Appropriation.

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