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

GOV. SANWO-OLU CANCELS SCHOLARSHIP APPLICATION FEES. (PHOTO). #PRESS RELEASE.


 Lagos State Governor, Mr. Babajide Sanwo-Olu has approved the removal of application fees for scholarships and bursaries offered by the Lagos State Scholarship Board (LSSB). This decision aligns with the administration’s THEMES Plus Agenda initiative aimed at promoting youth empowerment and social inclusion.


In response to this significant decision, the LSSB Secretary, Mr. AbdurRahman Lekki expressed gratitude for the Governor’s support, emphasising the long-term benefits of investing in the education of the state’s youth.


According to him, the initiative aims to foster inclusivity and alleviate the financial burden on students seeking higher education.


“Previously, applicants were required to pay application fees ranging from ₦2,500 for bursaries to ₦5,000 for PhD scholarships”, he recalled.


Lekki noted that eliminating these fees addresses concerns raised by stakeholders regarding access to educational opportunities, particularly for economically disadvantaged students.


He further explained that the revenue generated from these fees constituted only 0.5% of the agency’s total budget, reinforcing the justification for their removal.


In his words, “Governor Sanwo-Olu’s decision highlights a strong commitment to equitable education and strengthens his government’s reputation as a supportive administration for youth”.


Lekki also extended his appreciation to the Permanent Secretary of the Ministry of Tertiary Education, Mr. Waheed Kasali and the Commissioner for Tertiary Education, Mr. Tolani Sule, for their invaluable support in achieving this milestone.


Looking ahead, the Board’s Secretary anticipates that this kind gesture will encourage more students to pursue higher education, ultimately contributing to the state’s economic development.

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