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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FUBARA DENIES PROMISING TO PAY N80,000 MINIMUM WAGE. (PHOTO).

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 Fubara denies promising to pay N80,000 minimum wage


Rivers State Governor, Siminalayi Fubara, has denied proposing to pay a minimum wage of N80,000 to workers in the state and local government areas.


The denial came following reports circulating online that the governor had promised to pay the said sum.


But his Chief Press Secretary, Nelson Chukwudi, in a statement issued in Port Harcourt, the state capital, on Friday described the report as unverified claims.


The statement read,, “The attention of the Rivers State Government has been drawn to claims circulating in an online media that the Governor of Rivers State, Sir Siminalayi Fubara,, has proposed to pay a new minimum wage of N80,000 for civil servants in the dtate and local government areas.


“Ordinarily, we would not have responded to this fake news, but for the wrong impression it would create in the minds of the public, especially civil servants in the state.


“Therefore, it is important to state that the unverified claims being circulated by Newsweekng.com, and titled: ‘Breaking News: Governor Fubara Proposes N80,000 minimum wage’ are totally false and misleading.


“The general public, and particularly civil servants in the state, are advised to discountenance the false claims in the online media platform. The Rivers State Government will make its position on the issue known in due course.”

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