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 TO ATTEND JOINT ARAB-ISLAMIC SUMMIT IN SAUDI ARABIA. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU TO ATTEND JOINT ARAB-ISLAMIC SUMMIT IN SAUDI ARABIA

 

President Bola Ahmed Tinubu will depart Abuja on Sunday for Riyadh, Saudi Arabia, to attend the Joint Arab-Islamic Summit, which will focus on the current situation in the Middle East. 

 

The Summit will commence on Monday, November 11, 2024. 


It is being held at the invitation of King Salman and Crown Prince Mohammed bin Salman and follows last year’s summit in the same Saudi city.

 

During the summit, President Tinubu is expected to address the ongoing Israel-Palestinian conflict, emphasising Nigeria's strong call for an immediate ceasefire and the urgent need for a peaceful resolution. 

 

Nigeria will also advocate for renewed efforts to revive the two-state solution as a pathway to lasting peace in the region.

 

Key officials including the minister of foreign affairs, Ambassador Yusuf Tuggar, will accompany the President. Other members of the entourage are the National Security Adviser, Mallam Nuhu Ribadu; Minister of Information and National Orientation, Alhaji Mohammed Idris; and the Director General of the National Intelligence Agency (NIA), Amb. Mohammed Mohammed. 

 

After the conclusion of the summit, President Tinubu will return to Abuja.

 

Bayo Onanuga  

Special Adviser to the President  

Information & Strategy  

November 9, 2024

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