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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

MANY FEARED DEAD AS BOAT SINKS IN BAYELSA. (PHOTO).


 Many feared dead as boat sinks in Bayelsa


Many persons are believed to have died as fire burnt and sank a boat, Godbless Dickson, between Ekeni and Ukubie communities in Southern Ijaw Local Government Area of Bayelsa State at about 5.30am on Wednesday.


Chairman of the Maritime Workers Union of Nigeria, Bayelsa State Chapter, Ipigansi Ogoniba, said on Thursday that the boat was carrying about 64 persons at the time of the incident, but several persons swam to safety.


Ogoniba said it would be difficult to state the exact number of those who died or survived until much later when he receives reports from boats and local divers engaged in ongoing rescue efforts.


The Yenagoa bound boat usually carried traders who ply their wares from one riverine market to the other and returned to Yenagoa in time for Monday and Thursday, the market days of the Swali Ultra Modern Market.


It is not immediately clear what caused the incident, but it is believed that it started from improper handling of petrol close to the onboard engine.


Ogoniba said, “If anybody says that 18 or 20 persons died, they will be lying because we cannot say for now how many people died or survived.


“The boat carries about 64 persons including load like garri, beans and rice. It moves from community to community where the traders sell their goods and returns on Sunday or Wednesday to meet the market here.


On the return journey, it carries people from town to town; many people join the local boat because it is cheap compared to a speedboat where you pay N12,000 from Ezetu to Yenagoa.


In her reaction, Chairperson of Association of Coastal and Waterways Communities of Nigeria, Bayelsa State, Odede Denikpete Tina, blamed the incident on the refusal of boat operators in the state to observe safety regulations such as putting on of life jackets.


Odede also pleased with the state government to make more effort in connecting more riverine communities by road to minimise the need for water transport.


Confirming the incident, the Police Public Relations Officer, Musa Mohammed, said the local boat was travelling from Ekeni to Yenagoa when the incident took place claiming about 20 lives.


Mohammed said rescue efforts were ongoing at the scene of the incident.

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