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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NIGERIA'S NATIONAL GRID COLLAPSES AGAIN. (PHOTO).

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 Nigeria’s national grid collapses again


Nigeria has again been plunged into darkness as the national grid recorded another collapse on Tuesday.


The incident happened around 2:09 pm, according to the official X handle of the National Nigeria Grid.

The nation’s power grid witnessed a series of collapses last month.


In 2024 alone, the National grid has collapsed at least eight times.


Recently, nine northern states were plunged into darkness as the National grid collapsed again.


The Enugu Electricity Distribution Company PLC (EEDC) has also informed its customers “of a general system collapse that occurred at 13:52 hours today, 5th November 2024. This has resulted in the loss of supply currently being experienced across the EEDC network.”


Emeka Ezeh, Head, Corporate Communications, EEDC, signed the notice Tuesday afternoon.


He said, “Consequently, due to this development, all our interface TCN stations are out of supply, and we are unable to provide services to our customers in Abia, Anambra, Ebonyi, and Imo States.


“We are on standby awaiting detailed information about the collapse and restoration of supply from the National Control Centre (NCC), Osogbo.”

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