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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OBASEKI DISSOLVES CABINET, FIVE DAYS TO END TO TENURE. (PHOTO).

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 Obaseki dissolves cabinet, five days to end of tenure


The outgoing Governor of Edo State Governor, Godwin Obaseki, on Friday, dissolved his cabinet ahead of the November 12, 2024 swearing-in of Senator Monday Okpebholo of the All Progressives Congress, APC, as the new governor of the state.


He dissolved the Exco, shortly after a valedictory session held at the Government House, Benin City.


The motion for the dissolution of the State Executive Council for 2020-2024 was moved by the Deputy Governor, Godwins Omobayo and was seconded by the Commissioner for Budget and Economic Planning, Osilama Okuofu.


At the valedictory session, the governor commended members of the State Executive Council for helping him in driving his government’s vision of making Edo great again, delivering on all promises made to the people.


He also commended the people of the state for supporting, praying and collaborating with his administration, which led to the successes and achievements recorded by his government across various sectors of the state over the last eight years.


The executives and members of cabinet, who took turns to eulogise the governor, however, acknowledged his many achievements in education, economy, agriculture, power, infrastructure, among others.


The executive members also commended the governor for the opportunity given to them to serve the people of the state in their various capacities.

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