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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THE USAID- US AGENCY FOR INTERNATIONAL DEVELOPMENT, HAS PLEDGED $2.3M TO PROCURE 4.8M MALARIA PREVENTION TABLETS FROM NIGERIAN PHARMACEUTICAL COMPANY. (PHOTO).

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 The USAID - US Agency for International Development, has pledged $2.3 million to procure 4.8 million malaria prevention tablets from Nigerian pharmaceutical company.


A statement by the US consulate in Lagos indicates that the procurement is part of the U.S. President’s Malaria Initiative, highlighting America’s ongoing support for Nigeria’s healthcare system, especially in providing life-saving treatments to vulnerable communities. 


It explains that the USAID’s commitment is set to strengthen access to affordable, high-quality malaria medication across Nigeria and West Africa.


The statement says in a milestone development, Nigerian Phamaceutical company (Swipha) recently earned WHO prequalification for its sulfadoxine/pyrimethamine tablets, becoming the first pharmaceutical company in West Africa to do so.

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