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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FG ISSUES ALERT OVER RISING LEVEL OF RIVER NIGER. (PHOTO).

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 FG issues alert over rising level of River Niger


The Nigeria Hydrological Services Agency (NIHSA) has issued a public warning regarding rising water levels in the River Niger as of August 22, 2024. 


This cautionary alert is based on a report from the Niger Basin Authority in Niamey, Niger Republic, which highlighted significant impacts on the current water levels due to activities upstream in Niger and Mali.


Umar Mohammed, the Director General of NIHSA, emphasized in a statement issued on Friday that floodwaters from these countries are expected to gradually flow into Nigeria through Kebbi State. He also mentioned that the operators of the Kainji and Jebba dams along the River Niger have been informed and are prepared to manage the situation. As of August 22, 2024, there has been no overflow of water from the reservoirs of these dams.


NIHSA therefore, advised the states and communities along the River Niger system to stay alert, as floodwaters are anticipated to reach their peak towards the end of August and into September while also assuring them of monitoring and providing regulate updates on the flood situation

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