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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FCT: WIKE NOTIFIES APO MECHANIC VILLAGE TRADERS ON IMMINENT RELOCATION . (PHOTO).

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 FCT: Wike notifies Apo Mechanic Village traders on imminent relocation


The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has said that traders at the Apo Mechanic Village will have no choice but to relocate for the interests of the public.

Wike made the declaration during the inspection of the ongoing construction of the left-hand service carriageway of the OSEX from Ring Road 1 (Nnamdi Azikiwe Expressway) to Wasa Junction on Tuesday.

The Apo Mechanic Village is located along the road corridor of the OSEX.

The minister assured that the committee on the relocation of the traders was doing its job to relocate them to a permanent site in Wasa in the overriding interest of the public.

He said the traders were already aware that the road project will pass through the area, adding that the FCTA was not envisaging any problem on the issue of relocating the traders.

“The committee is doing their work. You know that the road is going to pass through that area. So, that is not going to be a problem.

“We have told them that when we get to that point, they have no choice but to leave for the interest of everybody. It’s not for anybody’s particular interest. It’s for the public.

“It is the directive of Mr. President to see that all areas, not only the city but also in the satellite towns are all opened up with road infrastructure.

“You will not believe it now that all the roads we are doing in the satellite towns are going to be provided with solar street lights, which has never happened.

“So, it is wonderful, we are happy with what we are seeing and we are happy with what the contractors are doing. Indeed, the Renewed Hope Agenda is working, it’s a reality. People can see with their eyes. It’s not that you are told.”

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