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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PRESIDENT TINUBU APPOINTS NEW BOARD OF THE BANK OF INDUSTRY. (PHOTO). #PRESS RELEASE

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 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU APPOINTS NEW BOARD OF THE BANK OF INDUSTRY 


President Bola Tinubu has approved the appointment of the following qualified Nigerians to the board of the Bank of Industry Limited: 


(1) Dr. Mansur Muhtar, OFR, -- Chairman 


(2) Dr. Olasupo Olusi -- Managing Director/Chief Executive Officer 


(3) Mrs. Ifeoma Uz'Okpala -- Executive Director, Large Enterprises 


(4) Mr. Shekarau Omar -- Executive Director, Micro, Small & Medium Enterprises 


(5) Mr. Usen Effiong -- Executive Director, Corporate Services 


(6) Ms. Mabel Ndagi -- Executive Director, Public Sector & Intervention Programmes


(7) Mr. Rotimi Akinde -- Executive Director, Corporate Finance & Risk Management


(8) Mallam Tajudeen Datti Ahmed -- Non-Executive Director, representing the Ministry of Finance Incorporated 


(9) Mr. Adedamola Olufemi Young -- Non-Executive Director, representing Central Bank of Nigeria 


(10) Reverend Isaac Adefemi Agoye -- Non-Executive, representing Manufacturers Association of Nigeria 


(11) Mallam Muhammad Bala -- Non-Executive, representing Federal Ministry of Industry, Trade & Investment 


(12) Mr. Oreoluwa Adeyemi -- Independent Non-Executive Director 


(13) Mr. Sulaiman Musa Kadira -- Independent Non-Executive Director 


Dr. Muhtar's career spans decades in finance, international development, public service, and academia.


He served as Minister of Finance, Budget and Economic Development from 2008 to 2010 and was Vice-President, Operations of the Islamic Development Bank, before his recent appointment.


The President expects the new board of the Bank of Industry to work harmoniously, diligently, and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families.


Chief Ajuri Ngelale


Special Adviser to the President 


(Media & Publicity)


September 2, 2024

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