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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PRESIDENT TINUBU MOURNS JUSTICE OGWUEGBU. (PHOTO).

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU MOURNS JUSTICE OGWUEGBU


 

President Bola Tinubu extends his heartfelt condolences to the family of Emmanuel Obioma Ogwuegbu, a former justice of the Supreme Court and Nigeria's judiciary, on his passing.


 


The President also conveys his sympathies to members of the bar and bench across the nation mourning this distinguished jurist's death. Throughout his illustrious career, Justice Ogwuegbu mentored countless judges and lawyers.


 


Born in 1933 in Amainyi, Ihitte-Uboma Local Government Area of Imo State, Justice Ogwuegbu dedicated over five decades to the judiciary, culminating in his appointment as a Justice of Nigeria's Supreme Court. He also served as President of the Nigerian Institute of Advanced Legal Studies.


 


After Nigeria's return to democracy in 1999, Justice Ogwuegbu was appointed to chair the Judicial Commission of Inquiry, which investigated human rights abuses during the military regime.


 


President Tinubu honours Justice Ogwuegbu's enduring legacy and commends his unwavering commitment to justice, integrity, and the rule of law. 


 


He reflects on Justice Ogwuegbu’s pivotal role in transforming Nigeria's judiciary into an institution where justice prevails without fear or favour.


 


President Tinubu believes that Justice Ogwuegbu's championing the values of discipline, excellence, and integrity throughout his life has left an indelible mark on Nigeria's legal landscape. 


 


The President emphasises that Justice Ogwuegbu's steadfast dedication to discipline, excellence, and integrity has left an indelible mark on Nigeria's legal landscape. 


 


According to President Tinubu, Justice Ogwuegbu’s landmark judgments, particularly those on federalism, university autonomy, individual rights under the Nigerian Constitution, banking regulations, and monetary policy, will continue to serve as guiding principles and reference points in Nigerian law.


 


President Tinubu offers prayers for divine comfort for the family of the late elder statesman and eternal peace for Justice Ogwuegbu’s soul. 


 


Bayo Onanuga


Special Adviser to the President


(Information & Strategy)


November 13, 2024

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