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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CAN, ABIA ADVERT AGENCY AT LOGGERHEADS OVER SIGNPOST TAX ON CHURCHES. (PHOTO).

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 CAN, Abia advert agency at loggerheads over signpost tax on churches


The Abia State chapter of the Christian Association of Nigeria, CAN, has described the state government’s policy of compelling churches to pay signpost tax as a delicate issue that can affect the image of the state.


CAN in a letter addressed to the Governor, dated October 22, 2024, expressed its displeasure about the development and urged the Governor to intervene and rescind the policy.


The CAN letter signed by Rev Ojo Ojo Uduma, Chairman and Rev. Francis Okere, Secretary, called for a round table discussion between CAN and the state government on the way forward while cautioning that the signpost issue is a little but delicate matter that should be urgently looked into.


The policy was brought up by Abia State Signage and Advertising Agency, ABSAA, in accordance with existing laws that allow it to regulate advertising space as well as generate revenue for the State.


But defending her office on the issue, the Managing Director of ABSAA, Mrs Victoria Onwubiko, absolved Governor Alex Otti of having a hand in the tax policy, saying that the law which was made by the Abia State House of Assembly, allows her agency to regulate the advertising space in Abia.


Speaking on Wednesday, Mrs Onwubiko said churches were only expected to pay regular fees on advertisements done outside their premises, not the ones within their premises.


”The letter has not even gotten to the Governor. The laws that set up the agency allows us to charge for signposts outside your church premises, not the ones within your premises.”


She also denied the allegations that her agency is asking local government Chairmanship candidates to compulsorily pay 1 million naira for each billboard they will mount.


She advised those concerned by her agency’s policies to approach her office and seek the way forward rather than running to the media.

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