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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HEALTHCARE PROVIDERS URGE NAFDAC TO REDUCE COST OF GMP CERTIFICATES. (PHOTO).

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 Healthcare providers urge NAFDAC to reduce cost of GMP certificates. 

Healthcare Equipment and Allied Equipment Products Providers of Nigeria has urged the National Agency for Food and Drug Administration and Control to reduce the cost of Good Manufacturing Practice certificates for medical devices..


HEPAN also lauded President Bola Tinubu for signing the executive order to increase local production of medical and other healthcare products..


Recall that in June, the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, announced that President Tinubu had signed an executive order to increase local production of healthcare products, including pharmaceuticals, diagnostics, devices such as needles and syringes, biologicals, medical textiles, and more..


Pate said the order is pivotal to the success of the Presidential Initiative for Unlocking the Healthcare Value Chain, which was approved in October 2023 by the President..


He explained that the order introduces zero tariffs, excise duties, and Value Added Tax on specified machinery, equipment, and raw materials, aiming to reduce production costs and enhance the competitiveness of local manufacturers..

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