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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EKO BRIDGE REPAIRS: LASG ROLLS OUT DIVERSION PLAN. (PHOTO). #PRESS RELEASE.

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EKO BRIDGE REPAIRS: LASG ROLLS OUT DIVERSION PLAN


 The Lagos State Government has announced that traffic will be diverted away from Eko Bridge to facilitate emergency repairs by the Federal Ministry of Works. The diversion will commence on Monday, 16th September, 2024, and will last for Eight Weeks.


The repairs will be carried out in four phases, during which the bridge will be intermittently fully or partially closed, depending on the work schedule.


Motorists are advised to use the following alternative routes during the repairs:


Motorists heading to the Island from Funsho Williams Avenue can make use of the service lane at Alaka to connect Costain and access Eko Bridge to continue their journeys.


Alternatively, Motorists heading to the Island can access Costain to connect Eko Bridge to link Apongbon for their destinations.


Motorists can also connect Apongbon inwards Eko Bridge to link Costain to access Funsho Williams Avenue.


Motorists can also make use of Costain inwards Alaka/Funsho Williams Avenue or alternately go through Apapa Road from Costain and link Oyingbo to access Adekunle to link Third Mainland Bridge for their desired destinations.


In the same vein Motorists heading to Surulere are advised to use Costain to link Breweries inwards Abebe Village to connect Eric Moore/Bode Thomas to get to their destinations.


The Commissioner for Transportation, Mr. Oluwaseun Osiyemi, assures that Lagos State Traffic Management Authority officers will be deployed to the rehabilitation areas and alternative routes to minimise travel delays and inconvenience.


Mr. Oluwaseun Osiyemi


Commissioner for Transportation

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