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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POLICE ARREST SUSPECT OF IED EXPLOSION IN YENAGOA. (PHOTO).

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 POLICE ARREST SUSPECT OF IED EXPLOSION IN YENAGOA


The Bayelsa State Police Command says it has arrested one man suspected of triggering IED, Wednesday, within the State Secretariat Complex, Yenagoa.


This follows a swift response as the Commissioner of Police, Bayelsa State Command Iyamah Daniel Edebor who immediately led the Explosive Ordinance Disposal (EOD) Unit, Special Drone Unit and other Tactical Teams to the scene where the incident occurred.


On arrival the operatives of the Explosive Ordinance Unit swiftly contained the explosion and immediately cordoned off and upon detailed search one unexploded IED was indentified rendered safe. No live lost, no property destroyed. But one Pentecost Elijah 60 years from Southern Ijaw LGA, Bayelsa State, was arrested at the scene in connection with the incident. Police say the suspect is currently under going interrogation at the State Criminal Investigation Department that upon conclusion  he will be charged to court.


For now, the Police command public Relations officer Musa Mohammed in this statement says The situation is under control and normalcy has been  restored. Members of the public are advised to remain calm and continue with their lawful business activities.

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