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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EMIRATES RESUMES DUBAI-LAGOS FLIGHTS AFTER TWO YEARS. (PHOTO).

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 Emirates Resumes Dubai-Lagos Flights After Two Years


Emirates Airlines has resumed its Dubai-Lagos daily flights after a two-year hiatus. 


The flag carrier of the United Arab Emirates (UAE) resumed flight operations to Nigeria on Tuesday, October 1, 2024.


The airline’s flight landed at the Murtala Muhammad International Airport (MMIA) in Lagos on Tuesday afternoon as Nigerians celebrate 64 years of independence from British colonial rule.


The over eight-hour flight touched down at the airport at 3:32 pm, according to air traffic controllers.


Emirates Airlines suspended its Dubai-Lagos flights in November 2022 over its inability to repatriate trapped funds in Nigeria in the heat of the diplomatic fireworks between the two countries.


Nigeria and the UAE have a long history of restriction of flights between both countries based on certain unresolved issues surrounding the Bilateral Air Services Agreement (BASA). Visa restrictions later surfaced as diplomatic fireworks continued between Nigeria and the UAE, which is a top destination for Nigerian migrants and tourists.

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