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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RE: NON-INCLUSION OF BENEFICIARIES FROM SOUTU EAST TERTIARY INSTITUTIONS IN THE DISBURSEMENT OF STUDENTS' LOANS BY NELFUND. (PHOTO).

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 South East National  Assembly Caucus


Press Release


Re: Non-inclusion of Beneficiaries from South East Tertiary Institutions in the Disbursement of Students' Loans by NELFUND


The attention of the South East caucus of the National Assembly has been drawn to the glaring absence of beneficiaries from South East tertiary institutions in the list of beneficiaries of the students' loan being disbursed on behalf of the Federal Government by the Nigerian Education Loan Fund (NELFUND).  


With a total of  N2,946,927,155 already disbursed to 27,667 from 19 institutions in the country, South East higher institutions were conspicuously missing from the list. 


In its defence, NELFUND has stated that the absence of beneficiaries from South East institutions was because even though verification lists have been sent to all schools, South East institutions are yet to respond to their request for the verification of the lists sent to them. 


Consequently, the South East caucus of the National Assembly, wishes to urge tertiary institutions in the South East to comply with the verification request by NELFUND, so that our children can benefit from this national programme. 


We also wish to encourage all South East students who need this support to ensure they apply. This is important as it can help ameliorate some of the challenges limiting access to higher education, which we must all agree is critical to self-development and growth. 


It is important that as a people, we do not intentionally marginalise ourselves from opportunities which are open to all Nigerians. Those opportunities are our right and we must, like others, demand for what rightfully belongs to us.


Senator Enyinnaya Abaribe Leader of the South East Senate Caucus of the National Assembly 


Rt. Hon. Igariwey Iduma Enwo Leader of the South East Caucus of the House of Representatives

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