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

TINUBU CHARGES NIGERIANS TO CLOSE RANKS, RAISE STRONGER VOICES AGAINST CORRUPTION. (PHOTOS). #PRESS RELEASE.


 Tinubu Charges Nigerians to Close Ranks, Raise Stronger Voices against Corruption

 

President Bola Ahmed Tinubu has called on Nigerians from all walks of life to come together and form formidable unifying forces against economic and financial crimes and other acts of corruption.

 

He gave the charge in Abuja on Monday,  October 7,  2024 while declaring open the 6th Economic and Financial Crimes Commission, EFCC- National Judicial Institute, NJI’s Workshop for Justices and Judges. The President pointed out that corruption had become a cancer denying the nation the full benefits of its God-given resources and for its corrosive effects to be destroyed, Nigerians must rise up combatively against it.


"No Nigerian is immune from corruption, a cancer which continues to deny the nation the full benefits of its God-given resources. Rather than look up only to the anti-corruption agencies for a solution to this malaise, I believe  it is in our enlightened collective interest to close ranks and aggressively tackle this common enemy”, he said.  


Tinubu, who spoke through Vice President Kashim Shettima applauded rising improvement in the prosecution of corruption matters owing to positive developments in the justice sector reforms, admitted that challenges impeding the speedy adjudication of corruption cases should be frontally tackled. Some of them, he noted,  include “ frivolous applications and appeals, intimidation of judges by counsel, judgment not based on facts of cases but on technicalities”.  He commended the EFCC for its courageous and  focussed efforts in combating corrupt practices and pledged more support to the Commission.


“We will also continue to support the work of the EFCC to ensure that it continues to deliver its statutory mandate without let or hindrance”, he said.

  

Executive Chairman of the EFCC, Mr. Ola Olukoyede amplified other challenges affecting speedy trial of corruption cases.


According to him, “ the spectre  of frequent adjournments of high profile corruption cases arising from frivolous applications, conflicting orders by courts of coordinate jurisdiction in corruption cases, intemperate contempt orders hauled at the Commission’s leadership, unwarranted orders of injunction  restraining the Commission from investigating cases, are among a plethora of issues that bother the EFCC”. 


Owing to some of these challenges, especially  the incidence of suspects facing criminal investigation rushing to court to obtain orders of injunction restraining the EFCC from inviting, investigating, interrogating  and arresting  them, Olukoyede stated that  the Commission was unable to conduct investigation in at least 10 states of the federation.  In spite of all these, the EFCC’s boss stressed that the Commission has been undeterred in its works,  engaging stakeholders locally and globally to tackle the monster of corruption.


As a Commission , our efforts at integrating stakeholders in the fight against corruption are continuous.  Earlier this year,  we held a Stakeholders Dialogue on the issue of cybercrime where we equally unveiled the Commission’s  new focus on corruption prevention with the establishment of Fraud Risk Assessment and Control. FRAC. We are convinced that it is ultimately more profitable to prevent than to investigate and prosecute corruption cases”, he said.

  

The Workshop, themed “ Integrating Stakeholders in Curbing Economic and Financial Crimes”, drew a mammoth crowd of stakeholders,  policy makers,  top government officials, civil society organisations and anti-corruption bodies.  


Chief Justice of Nigeria, Justice  K.M.O Kekere Ekun  stated that, for every stakeholder  in the anti-corruption corridor to be integrated there would be a need  for the establishment of a coherent and unified structure for information sharing across institutions. “No single entity can have a complete view of the financial system, making it imperative that information flows seamlessly among all stakeholder”, she said.


 Attorney- General and Minister of Justice,  Lateef Fagbemi, SAN, in his remarks,  stated that building strong legal frameworks, effective law enforcement and international cooperation were imperative to combat financial crimes and unify stakeholders. He also called for renewal of commitment to higher values  to move the nation forward. “Let us renew our commitment  to justice, integrity and the well-being of our nation”, he said.


Other dignitaries that graced the opening session of the Workshop include, former Secretary General of the Commonwealth, Chief Emeka Anyaoku, Senate President,  President of the Court of Appeal,  Justices of the Supreme Court,  Court of Appeal,  High Court, among others.

More photos below. 










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