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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PARLIAMENTARY SYSTEM BEST FOR A NATION LIKE NIGERIA- AREGBESOLA. (PHOTO).

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 Parliamentary System Best For A Nation Like Nigeria – Aregbesola


A former governor of Osun State, Rauf Aregbesola, has emphatically backed calls for Nigeria to ditch the presidential system of government and return to the parliamentary system.


He said this at a National Dialogue on Home-Grown Parliamentary System in Abuja on Monday.


The immediate past Minister of Interior, who said he is opposed to the executive system of government currently practiced in Nigeria, insisted that the arrangement in the parliamentary system is best suited for a country like Nigeria.


“If you go on believing that an individual, no matter how beautiful, no matter how good, could have the capacity to govern 120 million people all alone without checks, we are joking. So, by that consideration alone, I am opposed to executive system of government.


“I believe the collective arrangement which the parliamentary system guarantees is best for a nation like Nigeria if indeed we are committed to advancing the interest of the large population and mass of our people,” Aregbesola said.

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