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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FUNDS TO PAY CORPS MEMBER'S NEW ALLOWANCE NOT YET RELEASED- NYSC DG. (PHOTO).

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 Funds to pay corps members’ new allowance not yet released – NYSC DG


The Director General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, says the recent increase in corps members’ allowance has not been implemented due to funds.


Daily Trust had reported how the Federal Government approved the increment of corps members’ monthly allowance from N33,000 to N77,000, effective from July 2024.


The increment, according to a statement by the NYSC on its official Facebook page, was contained in a letter from the National Salaries, Incomes and Wages Commission, dated September 25, 2024 and signed by the Chairman, Mr. Ekpo Nta.


But despite the official announcement, the increment did not reflect on corps members’ September monthly allowance as they received N33,000 instead of the approved N77,000.


But speaking to BBC Hausa service, the NYSC DG explained that although there was approval for the increment, government was yet to release funds to the scheme for the implementation of the new allowance.


He said, “Not only the corps members, even our staff members’ salary has been increased about four to five months ago, but it has not been implemented yet. But we are hopeful that the new pay will be implemented soon, but the funds have not been released to us yet.


“The information we have did not specify when the new allowance will be paid, but we were assured that their monthly allowance has been increased from 29th July 2024.”

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