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

TELECOMS SUBCRIBER NUMBETS SLIDE FROM 219M IN MARCH TO 153M IN SEPTEMBER. (PHOTO).


 Telecoms Subscriber Numbers Slide from 219m in March to 153m in September


Following the completion of NIN-SIM linkage in September this year, subscriber number has dropped from 219,304,281 in March 2024 to 153,323,316 as at September 2024.


THISDAY gathered that the drop in subscriber number which is put at 31 per cent, was as a result of barring of several SIM cards that were not linked to National Identification Number (NIN) as at September 14 this year, which was the deadline given by the Nigerian Communications Commission (NCC) on NIN-SIM linkage.


According to THISDAY investigation, a particular mobile network operator incorrectly reported as much as 40 million active subscribers on its network, a development that negates and violates NCC’s guidelines for determining active telecoms subscribers.


The current subscriber base, even though it dropped, is a reflection that NCC is particular about transparency and accountability in regulating the telecoms industry.


NCC is expected to publish the current telecoms subscriber indices on its website this week.

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