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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WOMEN AFFAIRS MINISTRY TO PARTNER WEMA BANK ON EMPOWERMENT INITIATIVES FOR 500,000 FEMALES. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE 


WOMEN AFFAIRS MINISTRY TO PARTNER WEMA BANK ON EMPOWERMENT INITIATIVES FOR 500,000 FEMALES


The Federal Ministry of Women Affairs is partnering with WEMA Bank Plc on various empowerment initiatives aimed at upscaling the lives of 500,000 females in the six geo-political zones of the country


The empowerment initiative which is to be captured through the Ministry's women cluster arrangement will cover the areas of skill acquisition, agriculture, provision of grants and loans, as well as the dedication of a portion of the Bank's Corporate Social Responsibility schemes to women-focused programmes


The Honourable Minister of Women Affairs, Barrister (Mrs) Uju Kennedy-Ohanenye in a meeting with officials of the Bank and its partners on Monday, in her office, to discuss modalities for the collaboration, stated that the partnership aligns with President Bola Ahmed Tinubu's Renewed Hope Agenda, which seeks to tackle poverty, unemployment, and improve living standards nationwide.


She observed that women's economic empowerment is crucial to closing gaps that perpetuate poverty, early marriages, wife battering, among others . With women and children comprising 70% of Nigeria's population, empowering the gender through skill acquisition, access to grants and loans, as well as business tools will yield significant positive results, the Minister said. 


The Ministry, according to her, is committed to creating an enabling environment for women's empowerment, particularly at the grassroots level through farming, food processing ventures, and tailoring, among others


 By doing so, Nigeria can expect a reduction in out-of-school dropouts, sexual and gender-based violence, as well as early marriages, allowing women to earn, make profits and also contribute meaningfully to the growth and development of not only their families, but the nation at large, the Minister said


Kennedy-Ohanenye, therefore, called on WEMA Bank and other well-meaning Nigerians to prioritize women's empowerment in their programmes in order to secure a brighter future for the country


Earlier, the Managing Director, WEMA Bank Plc,

Mr. Moruf Oseni stated that they were in the Ministry, alongside other partners, to discuss modalities for a robust partnership on women empowerment through the  MOWA-SARA accelerator program


Represented by the Executive Director, Retail and Digital, Mr Tunde Mabawonku, he expressed their willingness to partner the Ministry through its cluster arrangement for women empowerment across the States, assuring  that a portion of its Corporate Social Responsibility (CSR) will be on women-focused initiatives in order to enhance the economic status of Nigerian women


Signed

Mrs. Grace Njoku 

Head, Information and Public Relations

October 1, 2024

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