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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PRES. TINUBU TO LABOUR LEADERS: I AM CONCERNED ABOUT NIGERIAN WORKERS AND COMMITTED TO A JUST, REALISTIC MINIMUM WAGE . (PHOTOS). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU TO LABOUR LEADERS: I AM CONCERNED ABOUT NIGERIAN WORKERS AND COMMITTED TO A JUST, REALISTIC MINIMUM WAGE

 


President Bola Tinubu says Nigerian workers deserve improved welfare, better wages, as well as safe and enhanced working conditions as the driving force of the nation.

 

Speaking with the leadership of the Nigeria Labour Congress (NLC) led by Comrade Joe Ajaero and that of the Trade Union Congress of Nigeria (TUC) led by Comrade Festus Osifo, on Thursday in Abuja, President Tinubu said he is concerned about the welfare of Nigerian workers and that his administration is prioritizing their concerns.  

 

"I pay attention to everything around me. A happy worker is a productive worker. And society depends on the productivity of the happy worker," the President said.

 

However, the President called for realistic expectations as regards the minimum wage question, stating: "You have to cut your coat according to available cloth. Before we can finalize on the minimum wage process, we have to look at the structure."

 

"Why must we adjust wages every five years? Why not two? Why not three years? What is a problem today, can be eased up tomorrow. There is much dynamism to this process if we are not myopic in our approaches. We can take a surgical approach that is based on pragmatism and a deep understanding of all factors."

 

In his remarks, the NLC President, Comrade Ajaero, emphasized the need for an upward adjustment to the minimum wage, noting: "Between living wage and minimum wage, we need to find a balance. Things are difficult for the Nigerian worker."

 

He congratulated the President on the judgement of the Supreme Court affirming the constitutional rights of local governments as regards financial autonomy and other salient principles.

 

"I have to congratulate you on the issue of local government autonomy. We have been in the streets protesting for local government autonomy. Now that there is light at the end of the tunnel, it will amount to ungratefulness if we fail to commend you," the NLC President said.

 

The TUC President, Comrade Osifo, said inflation has adversely affected the value of the naira and that the measures initiated by the government to address the rising cost of food and transportation need to kick in to give citizens relief.

 

He said the rollout of Compressed Natural Gas-powered buses will help in checking the high cost of transportation, while the recent directive on the suspension of duty on certain food imports will bring down the prices of food items, if properly implemented.

 

"We commend you on the landmark judgement of the Supreme Court. History will not forget what has happened today. With this judgement, we believe Nigeria will make progress," the TUC President also said.

 

Further talks were adjourned until next week to allow for wider consultation with all stakeholders.

 

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

July 11, 2024

More photos below. 




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