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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SHEHU SANI URGES SAUDI ARABIA TO BUILD SECOND NATIONAL GRID FOR NIGERIA, FOCUS ON ECONOMIC REFORMS LATER. (PHOTO).

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 Shehu Sani Urges Saudi Arabia to Build Second National Grid for Nigeria, Focus on Economic Reforms Later


Former Kaduna Central Senator, Shehu Sani, has urged Saudi Arabia to prioritize the construction of a second national grid for Nigeria, rather than focusing on economic reforms. His statement came in response to reports that Saudi Crown Prince Mohammed Al Saud had pledged support for Nigeria's economic reform efforts during a meeting with President Bola Tinubu at the joint Arab-Islamic Summit in Riyadh. 


According to Tinubu’s spokesperson, Bayo Onanuga, the two leaders discussed various areas of cooperation, including oil and gas, agriculture, infrastructure, and the establishment of a Saudi-Nigeria Business Council. Nigeria also seeks a $5 billion bilateral trade agreement with Saudi Arabia. 


Reacting to the development on X, Sani quipped, "Oil-rich Saudi promised to support Nigeria’s economic reforms. They should just build a second national grid for us and leave the issue of the reforms for now."

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