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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“‎STATE POLICE: LAGOS IS READY” – LNSA. (PHOTO). #PRESS RELEASE.

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 “‎STATE POLICE: LAGOS IS READY” – LNSA


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‎The General Manager of the Lagos State Neighbourhood Safety Agency (LNSA), Prince Dr. Ifalade Oyekan, FISN, has declared that Lagos State is fully prepared for the establishment of State Police, affirming that the state’s existing security framework is well-positioned for the transition.


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‎In a recent interview with journalists, Prince Oyekan noted that the Agency, widely regarded as a pioneer of community policing in Nigeria, is strategically structured to evolve into a state security apparatus once the legal framework for State Police is enacted. 


He explained that the LNSA has undergone significant restructuring and re-engineering to align with modern safety and security demands, adopting a proactive, technology-backed and intelligence-driven model across the state.


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‎“We are not designed to merely react to incidents,” he stated. “Our Corps Officers are trained to anticipate, prevent, and mitigate security threats before they occur.”


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‎Prince Oyekan, who was recently reappointed for a second five-year term by the Governor of Lagos State, Babajide Olusola Sanwo-Olu, reaffirmed the Agency’s commitment to strengthening grassroots security architecture. 


He emphasised that under Governor Sanwo-Olu’s leadership, the Agency and its Corps arm will continue to evolve into a modern, efficient, and responsive safety institution capable of advancing the vision of a safer Lagos.

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