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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MINIMUM WAGE: GOV ABDULRAZAQ APPROVES BONUS FOR KWARA WORKERS TO EAS ECONOMIC BURDEN. (PHOTO).

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Minimum Wage: Gov Abdulrazaq approves bonus for Kwara workers to ease economic burden 


Kwara State Governor Abdulrahman Abdulrazaq has approved a financial bonus that is equivalent to the monthly PAYE obligation for every civil servant in the state, including local government workers.


The emergency support measure will last for at least three months, according to a statement by the Commissioner for Finance Dr. Hauwa Nuru.


"This bonus has been approved as a buffer to bridge the gap that the correct PAYE deduction may have wrought on the newly implemented mininum wage. It is meant to serve as a soothing balm as workers adjust to the PAYE that was just correctly implemented in line with the Personal Income Tax Act," she said. 


"The payment of the bonus is effective from October and will run till December 2024. This is a significant step by His Excellency to support workers."


The statement added that workers who have not registered with the Kwara State Residents' Registration Agency (KWSRRA) should do so immediately because anyone without it will not get the bonus for November and December. 


The statement said labour unions have also agreed to a refund of the special levy deducted from workers' salary and suspension of deductions of same until further notice.


"Governor AbdulRazaq's directive to deliver this relief speaks volumes about his humanity and his commitment to the welfare of Kwara workforce,” Dr. Nuru stated.

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