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

JAMB WARNS AGAINST ILLEGAL, UNDERAGE ADMISSION. (PHOTO).


 JAMB warns against illegal, underage admission


The Registrar, Joint Admission and Matriculation Board, Prof. Ishaq Oloyede, has warned universities against illegal admission that will necessitate ‘regularisation’ after admission has been offered.


He said seeking regularisation was illegal.


He also warned against the admission of underaged students.


JAMB regularisation is a process overseen by JAMB in Nigeria to validate and formalise the admission of students who were admitted into tertiary institutions without proper documentation or through informal means.


He lamented that the issue of regularisation had denied most candidates the opportunity to participate in the National Youth Service Corps.


Oloyede said this in Lagos on Tuesday at the opening of the seventh biennial conference of the Committee of Pro-Chancellors of State-Owned Universities in Nigeria.


The theme of the conference was ‘Effective University Governance: Role of Stakeholders’.


He said that for the sake of accountability, data protection and integrity of the nation, this act needed to stop, saying anything irregular was illegal.


“I want to discuss what I call illegal admission. Many Vice-Chancellors don’t like the word, the truth is that no need to regularise what is regular.


“Calling for regularisation after admission is illegal. Some candidates can’t go for NYSC because they were not properly admitted,” he said.


He also complained that admission of underaged and diploma candidates was also illegal admissions.


He said, “About two months ago, I received a letter from a European country to confirm if a student graduated from a particular university because she is 15 years old and applied for a postgraduate programme. The question they asked me was ‘Is this possible in Nigeria?’


“Also illegal admission of diploma students needs to stop because last year, we admitted 9,000 diploma students; I was alarmed that about 3,000 students came from a particular university.


“Every one of us should be accountable because all these acts can damage our education system.”


The Minister of Education, Prof. Tahir Mamman, in April, said the Federal Government was considering the adoption of 18 years as the entry age for admission into universities and other tertiary institutions of learning.


The minister also accused underage students of being.

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