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 TO PRO-WIKE LAWMAKERS: YOU'RE GONE, I'M ALREADY PREPARING 2025 BUDGET. (PHOTO).

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 Fubara to pro-Wike lawmakers: You’re gone — I’m already preparing 2025 budget


Siminalayi Fubara, governor of Rivers, says he will soon present the 2025 appropriation bill to the state house of assembly.


Fubara was reacting to the seven-day ultimatum issued by members of the Rivers assembly loyal to Nyesom Wike, minister of the federal capital territory (FCT).


During plenary on Monday, the 27 lawmakers asked Fubara to resubmit the state’s 2024 budget within seven days.


The sitting followed a court of appeal judgment in Abuja dismissing the order of a Rivers high court which restrained the lawmakers from conducting legislative proceedings. 


The high court had restrained the lawmakers from carrying out legislative activities after they defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).


In December 2023, Fubara presented the state’s 2024 N800 billion budget estimate to the Edison Ehie-led faction of the house of assembly.


The Rivers governor presented the budget to five members of the Ehie-led faction amid the leadership crisis.


Twenty-four hours later, Fubara signed the 2024 appropriation bill.


The Rivers assembly has been polarised over a power tussle between Wike and Fubara to control the state’s political structure.


However, on Wednesday, Fubara said he had moved on with the 2024 budget.


“We all know how they crossed (join APC). And how did they cross? Because of our god. For them to make that mistake — they are gone, and they are gone,” Fubara said.


“When I wanted to help them — I accepted to help them because we are all one. We disagree to agree. They thought they were smart.


“What is holding them back is the declaration of their seat vacant, which was done in December 2023.


“For me, I have started preparing my budget for 2025, which I am going to present very soon.


“Don’t allow anybody to deceive you. They can come to the media and dance. When they go behind, they cry. It is the truth."

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