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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PRESIDENT TINUBU CONFERS GCON ON HOUSE SPEAKER, TAJUDEEN ABBAS. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS STATEMENT


PRESIDENT TINUBU CONFERS GCON ON HOUSE SPEAKER, TAJUDEEN ABBAS


President Bola Ahmed Tinubu has conferred the nation’s second highest national honour, the Grand Commander of the Order of the Niger, on the Speaker of the House of Representatives, Tajudeen Abbas. 


 


In his 64th Independence Anniversary Speech on 1 October, President Tinubu conferred the Commander of the Federal Republic( CFR) on the speaker and the deputy senate president.


 


This development led to a debate in the House of Representatives on Wednesday, calling on the President to confer a higher honour on the Speaker.


 


President Tinubu was persuaded by the House of Representatives position and has decided to remedy the historical error and oversight.


 


Thus, he has decided to upgrade the Speaker to GCON from CFR, in accordance with the National Order of Precedence.


 


The speaker, the Senate President,  other principal officers of the National Assembly and the Chief Justice of Nigeria will be formally decorated with their new honours later. 


 


 


Bayo Onanuga


Special Adviser to the President


(Information and Strategy)


October 4, 2024

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