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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MARINE AND BLUE ECONOMY MINISTER, OYETOLA, GOV. ABIODUN, OTHERS TO UNVEIL INLAND DRY PORT IN OGUN. (PHOTO). #PRESS RELEASE.

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 Marine and Blue Economy Minister, Oyetola, Governor. Abiodun, Others to Unveil Inland Dry Port in Ogun 


The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola will, on Friday, October 11, lead the foundation-laying ceremony for the Inland Dry Port in Ogun State.


The port, located at the Dry Port City in Soderu Village, Itori, along the Papalanto-Ewekoro axis of the state, is part of ongoing efforts to boost economic growth and industrialization in the Gateway State.


This groundbreaking event, according to a statement by the Special Adviser on Media and Strategy,  Hon. Kayode Akinmade aligns with the administration of Governor Dapo Abiodun’s commitment to fostering economic development and advancing industrialization throughout Ogun State.


The ceremony will be attended by transport experts, regulators, and policymakers, including representatives from the Nigerian Shippers Council, Nigerian Railway Corporation, Infrastructure Concession Regulatory Commission (ICRC), Ogun State Shippers Association, freight forwarders, and other key stakeholders.

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