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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NIGERIANS MAY END UP BUYING PETROL AT N5000 PWR LIRE-NLC. (PHOTO).

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Nigerians may end up buying petrol at ₦5000 per litre — NLC 


The Nigeria Labour Congress (NLC) has stated that Nigerians may end up buying petrol at N5000 per litre. 

 

NLC’s spokesperson, Benson Upah disclosed this in an interview with Daily Trust on Saturday, September 7. 


Accto him, “We are planning to have a meeting with the appropriate organs of the Nigerian Labour Congress (NLC). Those organs will take the decisions. We will take decisions that we believe would be in the best interest of our members and possibly, this country.

 

“Nonetheless, the mood, I can tell you, is that of anger and I want to say that it is not only within the Nigerian Labour Congress that you have anger. Virtually every Nigerian is angry, except that first one per cent that is maintained by the state. You know, that one per cent has everything; we give them everything, those are the only ones who are not complaining. Every other Nigerian is complaining. So, our mood is reflective of the general mood of the country.

 

“After the announcement, the next day, a Senior Special Assistant to the President on Print Media, Mr Abdulaziz Abdulaziz, said we were lying and there was no agreement. We want to reiterate that we feel betrayed by the present increase in the pump price of petroleum products.

 

The president acted in breach of his promise to labour leaders and he knows the truth. But let us even look at this matter; what has happened goes beyond the parameters of minimum wage and negotiation. It negatively affects the generality of Nigerians. Since the first wave of price increase, occasioned by the removal of fuel subsidy on May 29, 2023, Nigerians have been trying to reorder their lives to accept the fate they never bargained for. 

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