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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OGUN PENSIONERS' UNION COMMENDS GOV ABIODUN OVER WAGE INCREASE TO MEMBERS. (PHOTO). #PRESS RELEASE.

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 Ogun Pensioners' Union Commends Abiodun Over Wage Increase to Members


The Nigeria Union of Pensioners, Ogun State Branch, has commended Governor Dapo Abiodun for the wage increase extended to all categories of its members in the state.


The Union, in a letter titled "New Wage Increase to Ogun Pensioners: Expression of Gratitude," signed by the State Chairman, Comrade Waidi Oloyede, Secretary Comrade Bola Lawal, and the State Treasurer, Comrade O. Ogabi, expressed their heartfelt gratitude to the governor for his kindness and consideration towards the state retirees at all times.


It noted that the state government has started paying the N20,000 wage increase from the month of October 2024.


According to the Union, such a wage increase for pensioners was last realized 16 years ago, and since then, no visible increase has been made to cut across all emolument strata.


"Your Excellency, we cannot but recognize the many lofty gestures accorded to us by your amazing administration. These include prompt and regular payment of monthly pensions, steady release of accrued gratuities, and the financial gestures to cushion the effects of the removal of the fuel subsidy, among others.


"The executive and the entire body of Ogun State Pensioners immensely appreciate your sincerity of purpose, your love, friendliness, and Godliness towards us, the elderly. Thank you so much, sir," the letter further stated.


The Union, however, pleaded with the governor to look into the consequential review of pensions for long-standing retirees in line with the Federal Government Circular on Consequential Adjustment of Pensions for those who retired before the commencement of the Minimum Wage (Amendment) Act 2019.

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