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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NAAT THREATENS INDEFINITE STEIKE, GIVES FG 14-DAY ULTIMATUM. (PHOTO).

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 NAAT threatens indefinite strike, gives FG 14-day ultimatum


The National Association of Academic Technologists (NAAT) has issued a 14-day ultimatum to the Federal Government, demanding immediate action on its pending demands or face an indefinite strike.


NAAT President, Comrade Ibeji Nwokoma, announced this decision on Wednesday during a peaceful protest at the University of Maiduguri.


Nwokoma expressed disappointment at the Finance Minister’s refusal to pay withheld salaries, despite President Bola Ahmed Tinubu’s approval.


He described the situation as “unfortunate and regrettable” and questioned the government’s commitment to resolving issues affecting NAAT members.


According to him, “The refusal by the Honourable Minister of Finance and Coordinating Minister of the Economy to effect this approval raises more questions than answers on the true commitment and sincerity on the part of Federal Government in resolving the issues and in alleviating the sufferings of Nigerians, particularly NAAT members.”

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