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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PRESIDENT TINUBU SWEARS TUNJI DISU IN AS 23RD IGP. (PHOTO).

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 President Tinubu swears Tunji Disu in as 23rd IGP


President Bola Ahmed Tinubu has officially sworn in Olatunji Disu as the substantive Inspector-General of Police (IGP). The swearing-in ceremony took place at the Council Chambers of the Presidential Villa, Abuja on Wednesday, March 4. 


The ceremony was witnessed by Vice President Kashim Shettima, Secretary to the Government of the Federation, Senator George Akume; National Security Adviser, Nuhu Ribadu; Chief of Staff, Femi Gbajabiamila.


Others present were the Minister of Police Affairs, Senator Ibrahim Gaidam; FCT Minister, Nyesom Wike; and Head of Service, Mrs Esther Walson-Jack and other cabinet members.


Immediately after Disu’s swearing-in, President Tinubu also swore in newly appointed commissioners of the Revenue Mobilisation Allocation and Fiscal Commission and the Federal Civil Service Commission.


The Nigeria Police Council on Monday, March 2, endorsed Disu, after his appointment by President Bola Ahmed Tinubu. Disu takes over from his predecessor, Kayode Egbetokun.

One more photo below. 


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