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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SENATE MOVES TO ESTABLISH UNIVERSITY OF AGRICULTURE IN OSUN. (PHOTO).

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 Senate moves to establish University of Agriculture in Osun


The Senate on Wednesday, October 2, passed for first and second reading a Bill which seeks to establish a Federal University of Agriculture and Tropical Studies in Iragbiji, Osun State.

The Bill titled: “A Bill for an Act to establish the Federal University of Agriculture and Tropical Studies, Iragbiji, Osun State and to make comprehensive provisions for its due management and administration and for related matters, 2024” was sponsored by the Senate Leader, Senator Opeyemi Bamidele (APC – Ekiti Central).

After Bamidele presented his lead debate, Senator Olarere Oyewunmi seconded the Bill.

Other senators who supported the Bill included Deputy Senate President Barau Jibrin and Senator Solomon Adeola, among others.

Senators approved that the bill be read for first and second time when Senate President Godswill Akpabio put the request to voice vote.

The Bill was referred to the Senate Committees on Agriculture and Tertiary Education and TETFUND for for legislative work and to report back to plenary in two weeks.

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