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

OGUN ALLOCATES 100 HECTARES FOR NAVAL BASE, DOCKYARD. (PHOTOS). #PRESS RELEASE.


 Ogun Allocates 100 Hectares for Naval Base, Dockyard


Ogun State Governor, Prince Dapo Abiodun said 100 hectares of land have been allocated to the Nigerian Navy to build a Forward Operating Base (FOB) in the state.


Prince Abiodun stated this during a courtesy visit to the Chief of Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla, in his office in Abuja.


The FOB, according to the governor, would  be established in the Ogun Waterside Local Government Area of the state.


He said that the naval facility will protect some strategic investments and safeguard the sovereignty of Nigeria at Tongeji Island.


He said: "Ogun State has always had a long and fruitful relationship with the security apparatus of the nation and has been adjudged to be one of the most secured and peaceful states in Nigeria.


"As part of ongoing efforts towards deepening that relationship with members of the armed forces, I am happy to announce that Ogun State has allocated 100 hectares of land to the Nigerian Navy to build a Forward Operating Base in Ogun Waterside Local Government that will consist of a naval dockyard and a naval base.


"This base and dockyard will provide security for the investments coming into that area, including the proposed OK LNG project being spearheaded by NNPC Limited, the proposed Olokola Deep Sea Port, and will safeguard the sovereignty of Nigeria at Tongeji Island (part of Ipokia LG, Ogun State) and activities by NNPC Limited towards oil exploration, given the state’s frontier status as conferred by the Federal Ministry of Petroleum Resources."


Responding, the Chief of Naval Staff said that although he inherited the project from his predecessor, he embraced it upon assuming office because of its importance and the value inherent in it.


Vice Admiral Ogalla expressed gratitude to the governor for the gesture, promising that construction will start immediately as it is provided for in the 2024 budget.

More photos below. 














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