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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SANUSI EXECUTED UNIVERSITIES PROJECTS WITH CBN ALLOCATION, EMEFIELE, CARDOSO DIS NOTHING- ASUU. (PHOTO).

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 Sanusi Executed Varsities’ Projects With CBN Allocation, Emefiele, Cardoso Did Nothing – ASUU


The Academic Staff Union of Universities (ASUU) has claimed that despite allocations for intervention funds for tertiary institutions, the Central Bank of Nigeria (CBN) has stopped executing projects for public universities in Nigeria.


The union said the apex bank stopped carrying out any project in public universities in 2014 after the tenure of the now-Emir of Kano, Sanusi Lamido Sanusi. Sanusi was CBN governor between June 2009 and February 2014.


ASUU President, Emmanuel Osodeke, made this startling revelation on the Sunday.


Osodeke said, “There are many companies today which they call cash cows; they have some reserve money for community development. CBN, NNPC and what have you.


“For a very long time that we have been having CBN governors, we never knew there was fund there that could be used in the university until the Emir of Kano, Sanusi, came in and decided to use the money the way it should be used.


“There’s no federal university today that you don’t have a project done by Sanusi regime when he was CBN governor because the fund was there. The biggest building in my university is CBN, go to the University of Abuja, CBN; go to Jos, everywhere, for the four years he was there before he was sacked but since another one came in, have you seen anything done in the university by CBN? Zero.”

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