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

MTN RESUMES OPERATIONS AFTER NATIONWIDE SHUTDOWN. (PHOTO).


 MTN Resumes Operations After Nationwide Shutdown


Telecommunications provider, MTN, has resumed nationwide operations after a nationwide shutdown on Tuesday.


On Wednesday, MTN announced its return to operations via X (formerly Twitter), confirming that its physical shops would be open to customers from 8:00 am to 3:00 pm.


“Y’ello customer, please note that our shops nationwide will be open today, 31 July. Operating hours: 8.00 am-3:00 pm. We are also available 24/7 to support you via digital channels,” the operator said.


The firm closed shop on Tuesday following customer outrage and vandalism of its properties in connection with disconnection of subscribers who failed to link their SIM cards to their National Identification Numbers.


Over the weekend, many subscribers found themselves unable to access their phone lines after failing to verify their NINs with SIMs, leading to their numbers being blocked in compliance with NIN-SIM linkage regulations.


This blockage prompted thousands of subscribers to storm telecom offices on Monday, leading the Nigerian Communications Commission to direct telecommunications operators to immediately restore all affected lines.

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