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...
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OLUKOYEDE DECRIES DROP IN WHISTLEBLOWING.(PHOTO). #PRESS RELEASE

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 Olukoyede Decries Drop in Whistleblowing


Executive Chairman of the EFCC, Ola Olukoyede, has lamented the sharp drop in whistle blowing in Nigeria. According to the EFCC Boss "by December 2025, the policy has been close to a decade in operation in Nigeria; but my interest is not in its longevity but impact. In the first two months of its introduction in Nigeria, over $178 million stolen money was recovered for the Federal Government through the policy". The Chairman who was represented by Assistant Commander of EFCC, ACE II Kamilu Ibrahim Gebi, spoke while presenting a paper titled: "Benefits of the Whistleblowing Policy in the Fight against Corruption in Nigeria" at a nationwide sensitization program on Whistleblowing Policy Implementation organised by the Federal Ministry of Finance on Thursday, 12th February, 2026 in Sokoto. Visit www.efcc.gov.ng for details and more stories.

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