News
SEC Sues Elon Musk Over Delayed Disclosure of Twitter Stake Purchase

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against tech billionaire Elon Musk, accusing him of failing to promptly disclose his ownership of more than 5% of Twitter ahead of his acquisition of the company in 2022.
According to the SEC, Musk began purchasing Twitter shares early in 2022, surpassing the 5% threshold on March 14, 2022.
Under securities laws, Musk was required to disclose his holdings within 10 days, but he didn’t reveal that he owned 9% of Twitter until April 4, which was 11 days later than the legal deadline.
The delay in disclosure is said to have led to a 27% jump in Twitter’s share price after Musk made the announcement.
The SEC also claims that Musk’s actions resulted in an underpayment of at least $150 million for the shares he bought during that period.
The SEC is now seeking to have Musk repay the $150 million, plus additional penalties.
In response, Musk’s lawyer, Alex Spiro, defended his client, insisting that Musk had “done nothing wrong.”
Spiro also accused the SEC of running a “multi-year campaign of harassment” against the billionaire.
News
Joe Igbokwe Accuses Nigerians of Causing Their Own Hardship

APC chieftain Joe Igbokwe has pointed fingers at Nigerian traders for the continued surge in food prices across the country. In a Facebook post on Saturday, the outspoken supporter of President Bola Tinubu’s administration accused traders of being too greedy to reduce their prices.
He added that even as statistics suggest that the cost of food is starting to drop, traders have refused to comply. Furthermore, he expressed frustration, saying the refusal to lower prices shows a deeper problem of selfishness among citizens. According to him, Nigerians are their own worst enemies, driven by greed and a habit of taking more than they need.
News
President Tinubu to Attend Pope Leo XIV’s Inauguration in Rome

President Bola Ahmed Tinubu is set to travel to Rome this Saturday to attend the inauguration of Pope Leo XIV, the new leader of the Roman Catholic Church. The invitation came directly from Pope Leo XIV, who emphasized the importance of the president’s presence during this significant moment for the Church and a world facing many challenges.
Pope Leo XIV, formerly Cardinal Robert Francis Prevost, will be officially installed as the 267th Bishop of Rome on Sunday, May 18, at St. Peter’s Square in the Vatican.
President Tinubu will be accompanied by key Catholic figures, including the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, Archbishop Lucius Ugorji of Owerri, Archbishop Ignatius Kaigama of Abuja, Archbishop Alfred Martins of Lagos, and Bishop Mathew Hassan Kukah of Sokoto.
Notably, Pope Leo XIV has a special connection to Nigeria, having worked at the Apostolic Nunciature in Lagos during the 1980s. After the ceremony, President Tinubu is expected to return to Abuja on Tuesday, May 20.
News
Makinde Tells Nigerians to Protect Their Culture and Not Let It Disappear

Oyo State Governor, Seyi Makinde, has urged Nigerians to preserve their culture and ensure it doesn’t fade away with time. Speaking through his deputy, Barrister Adebayo Lawal, at the 2025 World Egungun Festival grand finale held in Ibadan, Makinde emphasized the importance of keeping traditions alive.
The event took place at Obafemi Awolowo Stadium in the Oke Ado area and was graced by top dignitaries including Chief Lekan Alabi, who represented the Otun Olubadan of Ibadanland, Oba Rashidi Ladoja, Osun State’s Commissioner for Culture and Tourism, Hon. Ojo Abiodun, Prince Adeola Adelakun of Oje Parapo Worldwide, and Oyo State’s own Commissioner for Culture and Tourism, Dr. Wasiu Olatunbosun.
Makinde stressed that culture and tourism are key focus areas for his administration, and his government is committed to supporting efforts that will keep local traditions thriving. He added that by investing in cultural events and heritage, the state can boost its economy through tourism and increase revenue. He said, “We must not let our culture die. I’m glad to see young people taking part in this celebration, not just the elders.”
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