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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NNPCL DEBUNKS REPORT ON ADULTERATED PETROL. (PHOTO).

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 NNPCL debunks report on adulterated Petrol


The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed a circulating video showing a person pouring a dark liquid, claiming it to be Premium Motor Spirit (PMS) supposedly bought from an NNPC Retail station at the Keffi Flyover.


In a statement by NNPCL spokesperson Olufemi Soneye, the company clarified that it conducted spot checks at all its outlets and confirmed the claim to be false. 


According to the statement the product was not, and could not have been purchased from any NNPC Retail outlet, as the company does not dispense petroleum products into bottles or jerrycans, as shown in the video.


NNPC Retail Ltd emphasized that it maintained stringent standards and quality control at every stage of its operations to ensure only high-quality, safe, and reliable petroleum products are available at its stations nationwide.


The company urged the public to disregard the misleading claims in the video and to be cautious of individuals spreading such misinformation, as they do not have the country's best interests in mind.

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