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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RIVERS COURT LACKS JURISDICTION TO SACK OKOCHA-LED COMMITTEE- APC. (PHOTO).

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Rivers court lacks jurisdiction to sack Okocha-led committee – APC


The All Progressives Congress (APC) has expressed strong opposition to the removal of the Tony Okocha-led caretaker committee in Rivers State, arguing that the Rivers State court does not have the jurisdiction to enforce such a decision. The party’s leadership insisted that the court's ruling undermines its authority to manage its internal affairs.


This statement follows a ruling by the Rivers State High Court in Port Harcourt, which on Monday nullified the sacking of the Emeka Beke-led executive of the APC in the state. The court, presided over by Justice Sika Aprioku, found that the National Working Committee (NWC) of the party acted beyond its powers by dissolving the elected executives under Beke's leadership.


"The Rivers State court lacks the power to remove the Tony Okocha-led caretaker committee," the APC warned, emphasizing the court's overreach in its decision. The party further noted that the NWC’s actions were in line with its constitutional mandate to ensure proper governance within the party, and therefore, the dissolution of the Emeka Beke-led executive was justified.

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