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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NLC SECRETARIAT: NIGERIA POLICE DID NOT RAID THE LABOUR SECRETARIAT. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE


NLC SECRETARIAT: NIGERIA POLICE DID NOT RAID THE LABOUR SECRETARIAT



Police Clarifies Alleged Raid on Labour House, sets the record straight


The Nigeria Police Force has noted a publication alleging that the Nigeria Labour Congress (NLC) National Secretariat, known as the Labour House, located in the Central Business District, Abuja, was raided by the Police.


On August 7, 2024, a press release issued by the NLC’s Head of Media and Public Relations alleged that officers of the Nigeria Police Force, along with some individuals in black T-shirts and others in plain clothes, raided the Labour House.


The Nigeria Police Force wishes to clarify that a prime criminal suspect in an ongoing investigation was traced to a shop within the building in the Central Business District, Abuja. Detectives, armed with the appropriate legal authority, conducted an operation at the location, which turned out to be the NLC building. This well-coordinated, lawful operation was solely aimed at apprehending the prime suspect—a foreign national implicated in numerous criminal activities across Nigeria and other African countries.


We emphasize that this operation had no connection with the NLC, its Secretariat, staff, or leadership. The NLC Secretariat was not the focus of the operation, which was targeted at a rented shop within the building used by the suspect as a front for his criminal activities in Nigeria.


The Nigeria Police Force seeks the cooperation and support of the NLC leadership as we continue this investigation, which is vital to safeguarding our nation. The high-profile nature of the suspect poses a significant security threat to Nigeria and other African nations, making this investigation crucial for the safety of all involved, including the NLC.


The Nigeria Police Force remains committed to upholding the rule of law, maintaining professionalism, and respecting human rights in the discharge of our statutory duties. We also urge Nigerians to remain vigilant and to conduct security profiling of individuals seeking to rent space within their premises.


ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI,  

FORCE PUBLIC RELATIONS OFFICER,  

FOR: INSPECTOR-GENERAL OF POLICE  

August 9, 2024

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