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NEW YORK, April 8, 2021 /PRNewswire/ In March 2019, the Indian government formally launched the second phase of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme. Further, in August 2019, the government announced plans to procure 5,585 electric buses, to help clean up the environment. With such strong government support, the Indian electric bus market value is predicted to increase from $94.3 million in 2020 to $1,364.4 million by 2025, at a 48.8% CAGR between 2021 and 2025.
Another such initiative is the Green Mobility Scheme, under which the government will deploy 26,000 paratransit and regular alternative-fuel buses in 103 cities. Other than the central government, those of 26 states and union territories have submitted proposals to jointly deploy 14,988 of these clean-energy vehicles. Yet another such move benefitting the Indian electric bus market is the total funding of $4.6 billion announced for battery manufacturers, to boost domestic
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The Court of Appeal in Abuja has cleared Raymond Dokpesi, a politician and media mogul, and his firm, DAAR Investment and Holding Company Limited, of money laundering charges.
The Economic and Financial Crimes Commission (EFCC) had arraigned Dokpesi and DAAR Investment and Holdings Ltd, on a seven-count charge bordering on alleged procurement fraud and breach of public trust.
The prosecution alleged that he received N2.1 billion from the office of the National Security Adviser (ONSA) between October 2014 and March 2015, during the tenure of Col. Sambo Dasuki, for services not rendered.
However, in two unanimous judgments on Thursday, a three-man panel of the Court of Appeal upheld the two appeals by Dokpesi and Daar Investment and proceeded to set aside an earlier ruling of a Federal High Court in Abuja, which rejected the no-case submissions made by the appellants.
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(AFRICAN EXAMINER) – The Court of Appeal in Abuja has discharged politician and media owner, Raymond Dokpesi and his firm, Daar Investment and Holding Company Limited, of the charges of money laundering breach of Procurement Act in relation to disbursement of the N2.1billion meant for arms purchase while Col Sambo Dasuki was the National Security Adviser (NSA) in 2014.
In two unanimous judgments on Thursday, a three- man panel of Court of Appeal upholds the two appeals by Dokpesi and Daar Investment and proceeded to set aside an earlier ruling of a Federal High Court, Abuja, which rejected the no-case submissions made by the appellants.
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