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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BOBRISKY'S SAGA IS A REFLECTION OF INSTITUTIONAL LAPSES, SAYS FG. (PHOTO).

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 Bobrisky’s Saga Is A Reflection Of Institutional Lapses, Says FG


The Minister of Interior Olubunmi Tunji-Ojo believes the Bobrisky saga is a reflection of institutional issues in the country. 


Bobrisky, a popular cross-dresser whose real name is Idris Okuneye, has been embroiled in a saga over his jail time for naira abuse.


In a viral audio, the cross-dresser claimed to have paid some officials of the Nigerian Correctional Service (NCoS) to get special treatment in prison.


According to Tunji-Ojo, the incident which had dominated conversations for months, is a reflection of institutional issues.


“When you have an insittutional problem, you don’t just provide a knee-jerk approach to solving it,” he said.


“We set up that committee to look into all the issues, beyond Bobrisky, beyond people absconding – it is a whole instutional issue.”


Tunji-Ojo said reforming Nigeria’s institutions is the way forward in resolving similar issues that may occur in the future.


“We cannot transfer today’s problem to the future,” the minister said.

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