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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DISMISS MORE MINISTERS, NDUME TELLS TINUBU. (PHOTO).

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 Dismiss more ministers, Ndume tells Tinubu


The lawmaker representing Borno South senatorial district, Ali Ndume, has called for the sacking of more slacking ministers from President Bola Tinubu’s cabinet.


Ndume, in a statement on Saturday in Abuja, said some other ministers who were not performing should be sacked.


The lawmaker applauded Tinubu’s recent cabinet restructuring, particularly the creation of the Ministry of Regional Development to oversee all regional commissions.


He said, “We saw President Tinubu’s cabinet reshuffle last week, which was a masterstroke.


“More needs to be done as some ministers are still ‘missing in action.


“I’m particularly pleased about establishing the Ministry of Regional Development to oversee regional commissions. The President’s decision to streamline ministries also exemplifies his commitment to reducing the cost of governance.”


He encouraged Tinubu to pursue his de-dollarisation policy further by positioning Nigeria to join BRICS (Brazil, Russia, India, China, and South Africa).

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