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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OLUBADAN ELEVATES SIX CHIEFS IN BALOGUN LINE, URGES THEM TP DRIVE DEVELOPMENT. (PHOTO).

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 Olubadan elevates six chiefs in Balogun line, urges them to drive development


The Olubadan of Ibadanland, His Imperial Majesty, Oba Akinloye Owolabi Olakulehin, Ige Olakulehin 1 has charged the newly elevated traditional title holders to use their new positions for the development of Ibadanland.

Oba Olakulehin gave the charge during the promotion of six traditional chiefs in the Balogun line.

The event took place at Olubadan palace, Oke Aremo, Ibadan on Friday.

According to the monarch, the promotion was in line with the tradition of ascendancy to the Olubadan stool.

Olubadan while speaking, urged the newly elevated traditional title holders to use their positions for the development and progress of Ibadanland.

“You have been elevated to various new positions in Balogun line today. I congratulate you all.

“I want you to see your various new positions to work for the development and progress of Ibadanland in all areas of human endeavors. Let your elevation serve as a call for more commitment and service to the development of Ibadanland”.

During the promotion, the Oluwo of Ibadanland, Chief Wahab Popoola Labosinde decorated the elevated chiefs with the traditional Akoko leaves.

The affected chiefs are; Chief Wasiu Delodun Adegboyega Ajimobi who was promoted from Ayingun Balogun to Ikolaba Balogun of Ibadanland, Chief Mikail Gboyega Olawoyin Orogunmodi who was elevated from Aare Ago Balogun to Asaaju Balogun of Ibadanland and Chief Taofeek Ayoade who moved from Lagunna Balogun to Ayingun Balogun Ibadanland.

Others are; Chief Lateef Adetokunbo Akintola who stepped up from Oota Balogun to Aare Ago Balogun of Ibadanland, Chief Nureni Adebayo Akanbi who climbed the ladder from Aare Egbe Omo Balogun to Lagunna Balogun of Ibadanland and Chief Kayode Afolabi Kadelu who advanced from Gbonka Balogun to become Oota Balogun of Ibadanland.

Gracing the occasion were members of the Olubadan-in-Council among whom are; the Otun Olubadan, Oba Rasidi Adewolu Ladoja, Osi Olubadan, Oba Eddy Oyewole-Foko, Osi Balogun, High Chief John Olubunmi Isioye-Dada, Asipa Olubadan, Oba Abiodun Kola-Daisi, Ekerin Olubadan, Oba Amidu Ajibade and Ekerin Balogun, High Chief Akeem Mobolaji Adewoyin.

Others are; Mogajis, Baales, political office holders, market men and women as well as religious leaders.

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