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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' I SPENT N20K IN A DAY', JOE IGBOKWE ASKS TINUBU TO TACKLE HIKE IN ELECTRICITY TARIFF. (PHOTO).

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 ‘I spent N20,000 in a day’, Joe Igbokwe asks Tinubu to tackle hike in Electricity tariff


Joe Igbokwe, a chieftain of the All Progressives Congress (APC), has urged President Bola Tinubu to look into the new electricity tariff in the country.


Igbokwe, a staunch supporter of Tinubu’s presidency, said the development will kill businesses if not reversed.


In a post on his Facebook page weekend, Igbokwe lamented that N20,000 worth of units only lasted him for just a day.


The APC chieftain, therefore, urged the government to review the electricity tariff.


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He said: “PBAT, please look into the new electricity tariff in Nigeria. It will kill businesses if the government does not act as quickly as possible. I have a small office in Surulere with about about 7 units of AC.


“We used to buy 300 plus units for N20,0000. Yesterday we bought N20,000 worth of units and it lasted for just one day. They call it band A group. I pray that we review this”.

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