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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ALAYE EXPLAINS WITHDRAWAL OF PLANNED PROTEST AGAINST NDDC BOARD. (PHOTO).

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 Alaye Explains Withdrawal of Planned Protest Against NDDC Board


Dr. Alaye Theophilus, the factional President of the Ijaw Youth Council (IYC), has explained that the decision to cancel a planned protest against the Niger Delta Development Commission (NDDC) was due to the timely intervention of influential regional leaders.


The protest, initially scheduled for Thursday, November 14, 2024, aimed to express dissatisfaction with the NDDC’s management, which the group accused of selective and inadequate performance in its activities.


In a statement issued in Port Harcourt, Theophilus revealed that the intervention of key figures such as Pa Edwin Clark, Ambassador Godknows Igali, Alhaji Asari Mujahid Dokubo, HRM King Ateke Michael Tom, the leadership of the Ijaw National Congress (INC), and other respected stakeholders led to the cancellation of the protest. Theophilus cited their advice to avoid escalating tensions in the region, particularly in light of recent violence in Abuloma and the volatile political climate in the state. He emphasized the need to prevent political opportunists from hijacking the protest to stir unrest.


“The concerns of our elders are important to us, and we must prioritize peace in the region,” Theophilus stated, acknowledging the ongoing struggle for Niger Delta development.


He assured the public that the IYC would continue to monitor the actions of the NDDC closely. Theophilus urged the Commission to focus on sustainable infrastructure projects, work more closely with Niger Delta governors, and ensure that employment and empowerment opportunities reach all parts of the region. 


However, he also warned, "As an advocacy group fighting for justice, equity, and accountability for the Ijaw people, we will not hesitate to mobilize against the NDDC management if these issues are not addressed promptly."

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