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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SERAP SUES AKPABIO, ABBAS FOR 'FIXING RUNNING COSTS' OF LAWMAKERS. (PHOTO).

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 SERAP Sues Akpabio, Abbas For ‘Fixing Running Costs’ Of Lawmakers


The Socio-Economic Rights and Accountability Project (SERAP) has sued the leadership of the National Assembly members for fixing what it described as the running cost of lawmakers.


Joined in the suit were the Senate President, Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas.


The group claimed the duo failed to end “the unlawful practice by the National Assembly of fixing its allowances and running costs, and the failure to account for the monthly running costs paid to members.”


Disclosing this in a statement on Friday, SERAP’s Deputy Director, Kolawole Oluwadare, said the suit was filed last Friday at the Federal High Court, Abuja.


He said it followed a recent allegation by former President Olusegun Obasanjo that the lawmakers fix their salaries and allowances, contrary to the recommendation of the Revenue Mobilisation Fiscal Allocation Commission (RMAFC).


In the suit, the group seeks “an order of mandamus to direct and compel Mr Akpabio and Mr Abbas to end the unlawful practice of the National Assembly fixing its remuneration and allowances termed as ‘running cost’.”


It also wants “an order of mandamus to direct and compel Mr Akpabio and Mr Abbas to disclose the exact amount of the monthly running costs being paid to and received by the lawmakers, and the spending details of any such running costs.”


According to the statement, SERAP seeks “an order of mandamus to direct and compel Mr Akpabio and Mr Abbas to end the alleged practice of paying remuneration and allowances termed as ‘running costs’ into the personal accounts of lawmakers.”


“The provisions of paragraph N, section 32(d) of the Third Schedule to the Nigerian Constitution 1999 [as amended] clearly make it unlawful for the National Assembly to fix its salaries, allowances and running costs,” Oluwadare said.


“The alleged practice of paying running costs into the personal accounts of lawmakers is a fundamental breach of Rule 713 of the Federal Government Financial Regulations, which provides that ‘public money shall not be paid into a private bank account.’”

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