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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KANO ASSEMBLY PASSES BILL TO CREATE SECOND-CLASS EMIRATES. (PHOTO).

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 Kano Assembly passes bill to create second-class emirates


The Kano State House of Assembly on Tuesday passed the Kano State Emirates Council Establishment Bill 2024 after the bill scaled a third reading.


The bill was sponsored by a lawmaker representing the Rimin Gado/Tofa state constituency, Muhammad Bello Bututu.


The bill seeks to establish Kano as a first-class emirate while Rano, Gaya and Karaye would remain second-class emirates.


According to the bill, Emirs of the three second-class emirates would be answerable to the Emir of Kano and shall have powers to advise him on any matter relating to the maintenance of public order, boundary dispute or dispute between two or more people within their areas of jurisdiction.

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