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

POULTRY FARMERS, OTHERS LAMENT HIKE IN EGG PRICES. (PHOTO).


 Poultry farmers, others lament hike in egg prices


The Poultry Association of Nigeria, Lagos State, and other stakeholders in the sector have lamented the incessant hike in the price of eggs while calling for the Federal Government’s intervention.


They also expressed concern that eggs, which used to be the cheapest source of protein, were becoming unaffordable for many Nigerians.


They made these comments in separate interviews with the News Agency of Nigeria on Sunday in Lagos.


The Chairman of the Poultry Association of Nigeria, Mr Mojeed Iyiola, blamed the price hike on the high cost of raw materials for bird feed.


The price of crates of eggs continues to rise because of the high cost of raw materials. Despite all the government’s support and the open window for the importation of maize, the prices of feeds are not decreasing at all.


“This is because other raw materials for the formulation of bird feeds are not being subsidised.


“Although maize accounts for between 60 and 65 per cent of feed production, other materials are still quite expensive.

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