ELON MUSK FACES CIVIL SECURITIES FRAUD SUIT OVER TWITTER PURCHASE AS HE EYES SPACEX IPO. (PHOTO).

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 Elon Musk faces civil securities fraud suit over Twitter purchase as he eyes SpaceX IPO  Since acquiring Twitter for roughly $44 billion in late 2022, Elon Musk has renamed the platform X, merged it with his artificial intelligence company xAI, and integrated both into his defense and space company, SpaceX. Musk’s next major move could be taking SpaceX public in what would likely be a record-setting IPO, but first, he is confronting legal challenges from his past. On Wednesday, Musk appeared in federal court in San Francisco to face allegations of civil securities fraud tied to his Twitter purchase. Investors filed a class action in October 2022, claiming Musk manipulated Twitter’s stock to pressure the board into selling at a lower price than initially promised. Musk’s legal team denies any intent to harm Twitter or its shareholders. During the hearing, Musk acknowledged that his tweets can affect stock prices, sometimes unpredictably, and described the market as “manic depr...

ANAMBRA POLICE ARRESTS A MOTEL OWNER AND TWO OTHERS: RECOVERS FIREARM AND HARD DRUGS IN UKE, IDEMILI NORTH LGA. (PHOTO). #PRESS RELEASE.


 ANAMBRA POLICE ARRESTS A MOTEL OWNER AND TWO OTHERS: RECOVERS FIREARM AND HARD DRUGS IN UKE, IDEMILI NORTH LGA


The Anambra State Police Command has arrested a 39-year old man, Mr Ifeanyi Ibeabuchi, Abdullahi Shaibu ‘M’ aged 26 years and Obah Chima ‘M’ aged 18 years respectively over unlawful possession of a firearm and involvement in illicit drug activities at Uke, Idemili North Local Government Area.


The Police Operatives attached to Rapid Response Squad Awkuzu, acting on credible information in the late hours of 9th February 2026, stormed a motel located in Uke where the criminals were arrested. 


During the search, one Jojef pump action gun with breach number 21SA-0724, loaded with three live cartridges was recovered at the scene. Also, Mr Ifeanyi confessed to the crime as investigations led to the arrest of the other two suspects and the recovery of substances suspected to be Cannabis Sativa, Crystal Methamphetamine, Colos, and Mkpuru-mmiri. 


The Command reiterates its commitment to sustaining ongoing operations against criminal elements in the State and urges members of the public to continue providing useful information to aid policing efforts.


Further developments will be communicated as the investigation progresses.


SP Tochukwu Ikenga

Police Public Relations Officer

Anambra State Police Command


12th February, 2026

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