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

GOV. ABIODUN UNVEILS PLANS TO LAUNCH ELECTRIC BIKE INITIATIVE. (PHOTOS). #PRESS RELEASE.



 Gov. Abiodun Unveils Plans to Launch Electric Bike Initiative 


Ogun State Government has concluded plan to introduce electric bikes as part of the energy transition initiative  of the Governor Dapo Abiodun-led administration.


The launching, billed for Wednesday next week, is the second phase of the administration’s e-mobility programme, following the launch of CNG- powered buses last year.


Governor Abiodun, speaking during a meeting with the Minister of Transportation, Senator Sa’idu Ahmed Alkali, in Abuja on Thursday, described the planned introduction as a significant step towards sustainable transportation solutions in the state.


Prince Abiodun also said that the introduction will further bring down transport fares across the state, noting that gas and electricity are cheaper than petrol powered transportation system.


The governor said: “We met with the Minister of Transportation, Senator Sa’idu Ahmed Alkali, to discuss the upcoming launch of Phase 2 of our energy transition plan in Ogun State. 


“This phase, centred on our e-mobility programme, will see the introduction of electric bikes, marking a significant step towards sustainable transportation solutions in our state. 


“The meeting underscored our commitment to promoting alternative clean energy sources, which are crucial in addressing the current economic challenges and transportation costs. 


“We are excited to announce that the official launch of this initiative will take place on Wednesday, 31st July, at the Arcade Ground, State Secretariat, Governor’s Office, Oke-Mosan, Abeokuta. 


“This event will not only showcase our dedication to environmental sustainability but also our focus on innovative public-private partnerships that support the ‘Building Our Future Together’ agenda,” the governor said. 

More photos below. 









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