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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OWO CHURCH ATTACK: 8TH DSS WITNESS TESTIFIES IN COURT IN THE ONGOING TRIAL. (PHOTO).

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 Owo Church Attack: 8th DSS Witness Testifies In Court In The Ongoing Trial


An eighth witness of the Department of State Services (DSS) in the ongoing trial of suspected attackers of the St. Francis Catholic Church in Owo, Ondo State, in 2022, on Wednesday corroborated the testimony of a 7th witness who identified one of the suspects as being part of those who carried out the attack.


The 8th witness also identified the 2nd defendant, Al Quasim Idris, as being part of those who allegedly killed the worshippers.


The witness, an Amotekun operative, told the Court in Abuja that he was one of the officers who arrived in the church premises shortly after the attack. He identified Al Quasim Idris as one of those who, shortly after the attack, exchanged gunfire at close range with him in a nearby bush. 


Led in evidence by the prosecuting lawyer, Ayodeji Adedipe SAN,  the eight prosecution witness gave details of how they trailed the suspect.


He added that they later came outside the church and learnt that the attackers were four in number and that they were the ones who zoomed off in a blue Nissan car as they were arriving.


The witness said that it was during an intense gun battle with the attackers in the bush that he sighted Al Quasim Idris. He, however, added that the assailants succeeded in killing the volunteer hunter but the Nissan vehicle was recovered.


Under cross-examination by defence lawyer, Abdullahi Mohammad, the witness said he could not remember how many of them brought out the hunter's corpse from the bush neither did he know the owner of the vehicle.


At the conclusion of the cross-examination, Adedipe prayed the court to grant a three consecutive day adjournment to enable the prosecution to call its last set of witnesses and close its case.


This was not opposed by the defence lawyer, following which Justice Emeka Nwite adjourned till March 24, 25 and 26 for continuation of trial.

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