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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...
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LASG ANNOUNCES PARTIAL CLOSURE ON LAGOS–ABEOKUTA EXPRESSWAY FOR ROAD REHABILITATION. (PHOTO). #PRESS RELEASE.

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 LASG ANNOUNCES PARTIAL CLOSURE ON LAGOS–ABEOKUTA EXPRESSWAY FOR ROAD REHABILITATION


The Lagos State Government has announced a partial road closure on the Lagos Abeokuta Expressway to enable the Federal Ministry of Works carry out critical rehabilitation works on failed sections of the road.


The rehabilitation will cover the stretch from the U-Turn Bus Stop to the Sango Tollgate, affecting both inbound and outbound lanes.


The rehabilitation work is scheduled to commence on Wednesday, 11th February, 2026 and end on Wednesday, 11th March, 2026, spanning a period of four (4) weeks.


To minimise traffic disruption, the project will be executed in two phases:


Phase One (Abeokuta-bound Traffic)


Scope of work: (U-Turn Bus Stop inward Sango Tollgate)


Duration: Wednesday, 11th February to Wednesday, 4th March, 2026 (3 weeks)


During this phase;


a. Traffic from Lagos/Abule-Egba inward Abeokuta/Sango Tollgate will be diverted to one half of the carriageway, approximately 20 metres away from the active work zone, and restored to full access after the work area.


b. Rehabilitation will be carried out on one lane at a time. Upon completion of the first half, traffic will be diverted to the rehabilitated section while work continues on the other half.


c. Motorists on the Lagos-bound carriageway will continue to enjoy free flow of traffic.


Phase Two (Lagos-bound Traffic)


Scope of work: Obadeyi Bus Stop to Ekoro Junction


Duration: Wednesday, 4th March to Wednesday, 11th March, 2026 (1 week)


During this phase:


a. Traffic from Abeokuta/Sango Tollgate inward Lagos/Abule-Egba will be diverted through one half of the road, about 20 metres from the work zone, with normal traffic flow restored after the construction area.


b. Just like Phase One, work will be executed in halves, with traffic redirected to completed sections as work progresses.


c. Motorists on the Abeokuta-bound carriageway will maintain uninterrupted movement.


The State Government assures road users that adequate traffic management measures will be in place throughout the duration of the project.


ADVISORY:


Motorists are advised to plan their journeys accordingly, obey traffic signage, and cooperate with traffic officials on duty.


The Ministry appeals for the patience and understanding of the motoring public as these essential repairs are undertaken in the interest of all road users.


 


Mr. Oluwaseun Osiyemi,

Lagos State Commissioner for Transportation.

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