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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FG COMMISERATES WITH BORNO STATE COMMUNITIES OVER FLOOD DISASTER. (PHOTO). #PRESS RELEASE.

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Press Release 

  

FG Commiserates with Borno State, Communities Over Flood Disaster   

  

The Federal Government of Nigeria extends its deepest sympathies to the government and the people of Borno State over the devastating flooding that has ravaged Maiduguri and its environs following the unfortunate overflow of the Alau Dam. 

 

This tragedy has destroyed properties, homes, and critical infrastructure, as well as displaced families and disrupted the livelihoods of countless individuals. We share the profound grief and suffering of all those affected by this catastrophe. 

 

Our thoughts and prayers are with the victims, especially those who have lost their means of livelihood and homes. We stand with the families who have been displaced and deeply empathise with their pain and distress during this trying time. 

 

The Federal Government, under the leadership of His Excellency President Bola Ahmed Tinubu (GCFR), is acutely aware of the magnitude of the challenges posed by this disaster. He has since directed all the relevant ministries and agencies to collaborate with the Borno State Government in mobilising the necessary resources to provide urgent relief and assistance to those affected by the unfortunate incident. 

 

While we mourn the losses, the federal government reposes confidence in the strength and resilience of the people of Borno State, which have been demonstrated over the years. We do not doubt that, with the assistance of the government and the people of Nigeria, they will overcome this tragedy. 

 

Mohammed Idris fnipr 

Honourable Minister 

Federal Ministry of Information and National Orientation. 

 

10th September 2024

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