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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AKANDE DONATES ENTITLEMENT AS UI PRO-CHANCELLOR TO INDIGENT STUDENTS. (PHOTO).

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 Akande donates entitlement as UI Pro-Chancellor to indigent students


Chairman of the Governing Council of the University of Ibadan, Chief Adebisi Akande, has directed all payments and benefits due to him be applied to deserving, indigent students of the institution offering Science courses in Mathematics, Physics, Chemistry and Biology only.

Akande said he considers his appointment as the Pro-Chancellor/Chairman of Council as a national call to service from which he does not intend to earn any remuneration.

He said his allowances should be kept as a form of endowment for the award of scholarships or any other form of awards to cover the cost of accommodation and other financially approved levies charged for the deserving students.

Akande said the Adebisi Akande Foundation would augment any shortfall arising from any commitments from the awards to prevent any of the beneficiaries of the endowment becoming stranded.

He spoke during the inaugural meeting of the Council on Friday.

The meeting was attended by all statutory members except one appointee of the Federal Government who was out of the country.

It considered the reviewed schedule of levies for newly admitted and returning undergraduate students in the 2023/2024 academic session and approved as recommended by the Senate of the University.

The Council advised students yet to pay and complete their registration exercises to do so on or before Wednesday September 4 2024, to enable departments download lists of registered students in preparation for the first semester examinations.

The Council sympathised with the students but noted that the review was necessary in view of the current economic realities and the University’s commitment to ensuring quality teaching and research.

It directed that students be encouraged to take advantage of the students’ loan fund (NELFUND) and sundry scholarships instituted by the University and other well-meaning philanthropists to cater for indigent students.

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