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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PRES. TINUBU APPOINTS AMB. ISMAIL ABBA YUSUF CHAIRMAN OF NAHCON. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS AMB. ISMAIL ABBA YUSUF CHAIRMAN OF NAHCON


President Bola Tinubu has nominated Amb. Ismail Abba Yusuf as the new Chairman/CEO of the National Hajj Commission (NAHCON). 


The appointment is subject to the Senate's approval in accordance with the provisions of section 3(2) of the NAHCON Act, 2006.


President Tinubu sent a letter today to the Senate President, Godswill Akpabio, requesting the expeditious confirmation of Ambassador Yusuf to replace Professor Abdullahi Usman, who resigned this week, after about 14 months in the post. 


Ambassador Yusuf is a seasoned Nigerian career diplomat who served as the Nigerian Ambassador Extraordinary and Plenipotentiary to the Republic of Türkiye from 2021 to 2024.


Bayo Onanuga 

Special Adviser to the President 

(Information& Strategy) 

11 February, 2026

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