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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NAFDAC SEIZES THREE TANKERS FOR TRANSPORTING VEGETABLE OIL WITH PETROL TANKER IN LAGOS. (PHOTO).

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 NAFDAC Seizes Three Tankers For Transporting Vegetable Oil With Petrol Tanker In Lagos


The National Agency for Food and Drug Administration and Control (NAFDAC) has seized three petrol tanker trucks in Apapa, Lagos, for allegedly transporting crude edible vegetable oil. 


According to NAFDAC in a statement on Wednesday, the oil had been "trans-loaded into the tankers from an edible oil depot," raising concerns about the potential health risks.


The agency highlighted that using petrol tankers to transport edible oil could lead to "chemical contamination from the tankers' previous use," posing a serious threat to public health. 

 

The seized tankers were subsequently escorted to a processing facility in Sango-Ota, where the crude soy oil was handed over to the Southwest Zonal Office of NAFDAC for further regulatory action.

 

In response to this incident, the Director-General of NAFDAC has established a committee tasked with developing guidelines and a code of ethics for the marketing and distribution of edible vegetable oil in Nigeria. 

 

NAFDAC has also called on the public to "report any suspicious or unwholesome practices related to food and regulated products."

 

The agency affirmed its commitment to protecting public health, stating, "We are committed to strict enforcement and continuous surveillance to ensure the safety of all food products in the country."

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