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

OYO STATE APPROVES EXPANSION OF SOCIAL REGISTER TO SUPPORT VULNERABLE HOUSEHOLDS. (PHOTO).


 Oyo State Approves Expansion of Social Register to Support Vulnerable Households


The Oyo State Government has approved the expansion of its social register to better identify and assist poor and vulnerable individuals eligible for social intervention programs. 


The announcement was made by Salami Ismail, Acting Coordinator of the State Operation Coordinating Unit, during advocacy and sensitization visits to political leaders and management teams in 12 local government areas participating in the 10th round of the Community-Based Targeting exercise. 


In a statement issued by the Commissioner for Information and Orientation, Dotun Oyelade, Ismail explained that the expansion of the register is part of Governor Seyi Makinde’s commitment to supporting disadvantaged households across the state. The social register, initially launched in 2013 with World Bank funding and later supported by the Federal Government, is updated to include households that have recently fallen into poverty or moved out of vulnerability.


The identification process uses a community-driven approach, with local government teams conducting poverty assessments to rank communities based on verified government data. This effort aims to ensure that aid reaches those most in need.

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