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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LASG ANNOUNCES TRAFFIC DIVERSION AT MILE 2 FOR TRANSPORT INTERCHANGE CONSTRUCTION. (PHOTO) #PRESS RELEASE.

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 LASG ANNOUNCES TRAFFIC DIVERSION AT MILE 2 FOR TRANSPORT INTERCHANGE CONSTRUCTION 


The Lagos State Government has announced that traffic will be diverted at Loop 1 on the Apapa bound lane and Loop 4 on the Badagry bound lane at Mile 2 for a duration of 15 months for the construction work of the Transport Interchange Terminal that will integrate Rail, Bus, Water and Non–Motorised Transportation. 


The commencement date for the construction is scheduled from Monday, 11th November, 2024, to Monday, 16th February 2026. Consequently, Motorists are hereby enjoined to use alternative routes as follows:  


Motorists heading to Oshodi from Apapa will have through traffic and vice versa. 


 

Motorists heading to Badagry from Apapa will continue their journey on the Apapa - Oshodi Expressway and take a turn into Akinwande Road to link Coker and access the Lagos - Badagry Expressway to continue their journeys. 


 


Motorists heading to Lagos from Badagry will also have through traffic and vice versa. 


 


Motorists heading to Apapa will be diverted into Durban Road to link Amuwo Odofin Estate and connect Apapa-Oshodi Express Way to continue their journeys. 


Assuring that the diversion routes have been well marked with signs to assist Motorists in navigating their destinations, the Commissioner for Transportation, Mr. Oluwaseun Osiyemi, also confirmed that officers of the Lagos State Traffic Management Authority will be on ground along the affected routes to oversee traffic flow. He further advised Motorists to cooperate with the interventions to minimise inconveniences. 


ADVISORY: - Motorists are implored to be patient as the closure is part of the traffic management plans for the construction of the Transport Interchange Terminal project by the Lagos Metropolitan Area Transport Authority (LAMATA). 


 

LAMATA 

Lagos Transport 

Mr. Oluwaseun Osiyemi,  

Lagos State Commissioner for Transportation.  

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