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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OGUN ORDERS RELOCATION OF KARA MARKET. (PHOTOS).

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 Ogun orders relocation of Kara market


Ogun State government has given traders at the popular Kara market in Isheri, Ifo local government area of the state, a 100-day ultimatum to relocate to the Ogere International Market along the Lagos-Ibadan expressway.


The ultimatum, which will expire on the 31st of December, is to allow for their phased movement as the market will cease to exist in that location as it will be reduced to ground zero with the demolition of all stalls, shanties, and makeover structures.


Announcing the relocation order, the Permanent Secretary, Ministry of Environment, Dr. Sam Olugbenga Oyeleye, said the state government decided to relocate the market to restore sanity due to the environmental degradation going on in the market, which is situated in its border towns with Lagos State. 

According to Oyeleye, the state government is daily inundated with reports of unhealthy disposal of waste and other environmental nuisances from the market, as well as open defecation on the median and road setbacks despite provision of public toilets by the government.

He added that the state government will not fold its hands and watch a few individuals in the name of trading to deface the environment and spread communicable diseases to millions of residents through open defecation, which they have failed to stop despite several sensitization, appeals, and arrests.

“Their bad attitude, which constitutes an eyesore, is also not in tandem with the state government’s policy of attracting investors to the state as the nation’s industrial hub, so there is a need to relocate the market for the general good of the state.”

Aside from these, Oyeleye said the Kara market has outlived its usefulness in that axis as it has been overstretched with no space for expansion and proper management, so there is a need to relocate it to Ogere International Market, where they will have more space and operate in a more controlled environment.

He also assured the cow sellers and other traders of adequate security and warm welcome from their host community, adding that their movement will be in phases, starting with the movement of their cattle, the closing of the abatior at Kara, and the final movement of other traders, as the 31st of December is sacrosant for the closure of the cattle market.

More photos below. 



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