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

FG RELEASES WITHHELD SALARIES OF NASU, PAYS RETIREMENT BENEFITS. (PHOTO).


 FG releases withheld salaries of NASU, pays retirement benefits


The Federal Government has released funds for the payment of withheld salaries to the Non-Academic Staff Union of Federal Universities (NASU).

This is a conciliatory step by the Federal Government in addressing long-standing salary arrears and supporting federal university staff, some of whom have embarked on strike.

The announcement came from the Office of the Accountant General of the Federation (OAGF) in a statement by Bawa Mokwa, Director of Press and Public Relations, on Saturday.

According to the OAGF, the Federal Government has also allocated funds to cover benefits for retirees under the Nigerian Union of Pensioners Contributory Pension Scheme Sector (NUPCPS), further demonstrating its commitment to honouring pension obligations.

Mokwa added that payments have commenced, with numerous NASU members confirming receipt of their salaries. 

This release is anticipated to alleviate financial pressures faced by university staff and contributes to stabilizing the public university system.

“The Federal Government remains committed to efficiently catering to the welfare of Nigerian workers and retirees,” the OAGF statement reads demonstrating ongoing efforts to ensure prompt financial support for public sector workers and pensioners by the government.

The development is part of broader measures aimed at resolving financial grievances within Nigeria’s higher education sector and improving the welfare of both active and retired personnel.

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