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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IT'S NOT LATE TO PRESENT 2025 BUDGET, TINUBU WANTS TO PREVENT LAPSES- SENATOR SANI. (PHOTO).

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 It’s Not Late To Present 2025 Budget, Tinubu Wants To Prevent Lapses – Senator Sani


The Chairman of Senate Committee on Finance, Senator Musa Sani, has said that President Bola Tinubu is taking his time before presenting the 2025 budget to the National Assembly in order to prevent lapses.


The lawmaker, who spoke on Friday, insisted that it is not yet late for the President to present the 2025 appropriation bill.


Senator Sani noted that there were a lot of noises from Nigerians that the government was rushing policies, adding that the President considered those voices and is now ensuring that everything is properly checked before presenting a budget.


“I believe that Mr President is now considering those voices that Nigerians made in making sure that the budget he is bringing is a budget that will rediscover the economy of Nigeria, so I don’t think it is late (to present the budget).


“I believe Mr President is doing what he is supposed to do in order to checkmate whatever lapses we had in 2024 budget and then correct them in 2025 budget. So, for me, it is not too late,” Senator Sani said.


While acknowledging that it is expected that the executive presents budget to the National Assembly in good time to enable the lawmakers to properly work on it, Senator Sani said that they would also not appreciate a haphazardly prepared document.

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