INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

-
Image
  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
Post a Comment

2024 OFALA FESTIVAL: ONITSHA MONARCH BEMOANS DEVASTATING IMPACT OF NIGERIA'S ECONOMY, INSECURITY. (PHOTO).

-


 2024 Ofala Festival: Onitsha Monarch Bemoans Devastating Impact of Nigeria's Economy, Insecurity 


By Juliana Nwachukwu/Ngozi Okoli/Anakor Nkiru


The Obi of Onitsha, Igwe Alfred Nnaemeka Achebe last Friday, expressed deep concern over the devastating impact of the nation's economy and insecurity.


Achebe, in his 2024 Ofala message tagged: "Courage Perseverance, Self-reliance" which he translated into Igbo language as , "Onye kwe, Chi'e ekwe", said the combined effects of the duo of poor economy and insecurity are the spiraling ride in the cost of living, business closures, loss of employment, a general feeling of hopelessness and lack of trust in the government.


According to the monarch, "At last year Ofala, I stated that the previous 12 months were marked by uncertainties occasioned by the aftermath of the general elections, further exacerbated by the continuing insecurity and the effects of the sudden removal of the fuel price subsidy.


" Unfortunately, the well-being of the polity has declined even more steeply in the last 12 months, leading to a 10-day national protest in August 2024 tagged: "End bad governance", said Obi Achebe.


He expressed disappointment that the federal government had rejected proposals aimed at restoring Nigeria's former glory. These proposals included devolution of power, downsizing the government, addressing the interconnected issues of insecurity, agriculture, and high cost of living, mitigating the impact of fuel price hikes on the cost of living, and tackling bad governance fueled by corruption and the lavish lifestyles of political leaders.


He therefore called on President Ahmed Bola Tinubu to consider alternative views and urgently convene a non-partisan national economic and security summit to forge a collective way forward for the country.


He also decried the enormous economic and social impact on Ndigbo who continue to suffer at the hands of unknown gunmen who have been terrorizing the community, killing, maiming, and kidnapping their own people for ransom, causing widespread fear and disruption. The situation has forced schools, markets, and public facilities to shut down every Monday in compliance with the sit-at-home order.


* Nwachukwu, Okoli and Anakor are of the Ministry of Information, Anambra State *

*

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the unions
Read more