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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FEDERAL HIGH COURT TO BEGIN YULTIDE VACATION ON DECEMBER 16.(PHOTO).

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 Federal High Court to Begin Yuletide Vacation on December 16


The Chief Judge of the Federal High Court of Nigeria, Justice John Tsoho, has announced that the court's 2024 yuletide vacation will begin on December 16, 2024. 


According to a circular signed by the Chief Judge and released on Wednesday, the vacation will end on January 6, 2025, with court proceedings resuming on Tuesday, January 7, 2025, across all judicial divisions.


As stipulated by Order 46, Rule 4 (C) of the Federal High Court (Civil Procedure) Rules, 2019 (as amended), the vacation period will only accommodate urgent matters, including cases related to the enforcement of fundamental rights, arrest or release of vessels, and matters of significant national interest.


During the vacation, only the core judicial divisions—Abuja, Lagos, and Port Harcourt—will remain operational to handle such urgent matters. 


The vacation judges for each division have been appointed as follows:

- Abuja Division: Justices Emeka Nwite and M.S. Liman

- Lagos Division: Justices Akintayo Aluko and Isaac Dipeolu

- Port Harcourt Division: Justices P.M. Ayua and A.T. 


These judges will handle litigation throughout the holiday period.

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