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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CUSTOMS TCIP GENERATES N575B IN 6 MONTHS WITH 221.13% REVENUE INCREASE. (PHOTO).

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 Customs TCIP Generates N575B in 6 Months with 221.13% Revenue Increase


The Nigeria Customs Service, Tincan Island Port Command, has generated revenue to the tune of N575,505,612,804.59 from January to June 2024.


The Customs Area Controller, Comptroller Dera Nnadi, disclosed this to Newsmen during the Commands Half Year Performance Report at the Maritime Reporters Association of Nigeria (MARAN) Secretariat, Apapa, Lagos on Friday, 12 July, 2024.


According to the Area Controller, having the press briefing at the MARAN Secretariat aligns with the Comptroller General of Customs, Adewale Adeniyi's policy thrust.


He said the revenue of N575.5 billion shows an increase of 221.13% compared to the 2023 fiscal year’s first-half revenue collection of N260,256,942,120.69 Billion.


"For January – June 31, 2024, TCIP achieved a revenue collection of N575,505,612,804.59. This is an improvement by N315,248,670,683.90 Billion and a 221.13% increase from the Fiscal Year 2023 first half revenue collection of N260,256,942,120.69 Billion,’’ he disclosed. 


On Anti-Smuggling, the CAC stated that the command recorded seizures of arms, ammunition, and Illicit substances, among others, all with a Duty Paid Value of over N8.9 billion naira within the period under review. 


He stated that the command’s enforcement and anti-smuggling unit has not been relenting to combat smuggling and all forms of criminality. 


"Customs, the lead agency at the Ports through its enforcement unit, has coordinated several 100% physical examinations under my supervision in collaboration with critical stakeholders to ensure that the command is freed of any form of non-compliance to the international trade cycle," the CAC said. 


The Area Controller acknowledged modest gains and developments at the command since the launch of the Time Release Study (TRS), adding that the findings will be formally released by the Comptroller-General of Customs, Adewale Adeniyi.

More photos below. 




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