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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UPDATE: TINUBU SWEARS IN SEVEN NEW MINISTERS.(PHOTO).

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  Tinubu Swears In Seven New Ministers


President Bola Tinubu has sworn in seven newly-appointed ministers at the Council Chambers in Abuja. 


Those sworn in include Nentawe Yilwatda as the Minister of Humanitarian Affairs and Poverty Reduction; Muhammadu Maigari Dingyadi as the Minister of Labour & Employment; Bianca Odinaka Odumegwu-Ojukwu as the Minister of State Foreign Affairs.


Others are Jumoke Oduwole (Minister of Industry, Trade and Investment (Trade and Investment), Idi Mukhtar Maiha (Minister of Livestock Development), Yusuf Abdullahi Ata (Minister of State, Housing, and Urban Development), and Suwaiba Said Ahmad as the Minister of State Education.


Monday’s swearing-in came days after their appointments by President Tinubu and subsequent confirmation by the Senate.

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