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 EXPRESSES CONCERN OVER BLACKOUT IN THE NORTH, DIRECTS SPEEDY RESTORATION OF ELECTRICITY .(PHOTO).#PRESS RELEASE

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 STATE HOUSE PRESS STATEMENT

 

PRESIDENT TINUBU EXPRESSES CONCERN OVER BLACKOUT IN THE NORTH, DIRECTS SPEEDY RESTORATION OF ELECTRICITY

 

President Bola Ahmed Tinubu has expressed concern over the blackout in the northern region of Nigeria in the last week. He is now leading efforts to end the disruption that has paralysed social and economic activities, summoning the Minister of Power, Adebayo Adelabu, and the National Security Adviser, Nuhu Ribadu.

 

The President has directed the Minister of Power and relevant agencies to speed up the pace of work to restore electricity to all the affected states in the North.

 

President Tinubu is saddened by the reports of vandalism and wilful destruction of power infrastructure and other public assets that caused the unfortunate blackout.

 

In a meeting with the Minister of Power, Mr Adebayo Adelabu, who briefed on efforts made by the Transmission Company of Nigeria to repair the damaged Shiroro-Kaduna transmission lines, the President directed a long-term solution to the problem.

 

President Tinubu charged TCN engineers not to relent in bringing immediate relief to the people who need electricity to sustain their social and economic activities.

 

To ensure that restoration work continues unhindered, President Tinubu also directed the National Security Adviser, Mallam Nuhu Ribadu, to work with the Army and Air Force to deploy adequate security personnel, including aerial cover, to protect the engineers who are fixing the damaged transmission line.

 

President Tinubu implores traditional rulers, community leaders, and other leaders of thought to work with security agencies to protect public assets and infrastructure.

 

He said the government will no longer condone deliberate sabotage and destruction of public utilities.

 

Bayo Onanuga

Special Adviser to the President

(Information and Strategy)

October 28, 2024

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