Headlines
Elon Musk dissolves Twitter board, becomes sole director
Elon Musk has become Twitter’s sole director after finalizing his $44 billion purchase of the social media site and dissolving its corporate board, documents filed Monday with the US Securities and Exchange Commission (SEC) showed.
The documents state that the “consummation of the Merger” occurred on October 27, at which point “Mr Musk became the sole director of Twitter,” while the entire board, including CEO Parag Agrawal, were let go.
When he made his initial buyout offer in April, Musk — also the CEO of Tesla and SpaceX — stated that he intended to remove Twitter from the public market, after which fewer public disclosures would be required.
When the unpredictable billionaire tried to walk away from the deal, Twitter sued Musk in a Delaware court.
But with an October trial date looming, Musk revived the deal in early October, ultimately sealing the takeover at $54.20 per share last week.
After changing his Twitter bio to “Chief Twit,” Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the social media giant, as well as planning massive layoffs.
Read Also: Elon Musk finally takes over Twitter, fires top executives
He tried to calm the nerves of advertisers, Twitter’s main source of revenue, by reassuring them that the site would not become a “free-for-all hellscape,” and announced the formation of a content moderation council.
The new Musk-led entity formed under the merger agreement has also offered to buy back all of Twitter’s outstanding bonds, according to the SEC filing.
Musk, the wealthiest person in the world, financed the massive deal through a mixture of his own funds, money from other investment groups and loans from banks which will have to be reimbursed.
According to another Twitter document filed with the SEC, Saudi Prince Al-Waleed Bin Talal has become the site’s second-largest shareholder.
The businessman, who had initially rejected Musk’s offer as too low compared to Twitter’s “intrinsic value,” eventually contributed the nearly 35 million shares he already owned.
Headlines
Kano inaugurates 14-member committee to review education policies
The Kano State Government has inaugurated a 14-member committee tasked with reviewing existing education policies in the state.
Inaugurating the committee on Thursday in Kano, the Commissioner for Education, Dr Ali Makoda, said that the committee was constituted by the Kano State Executive Council to assess the state’s education policies.
“This committee was originally scheduled to be inaugurated by the governor, but due to prior engagements, he has delegated the responsibility to me so that we can begin our work immediately,” Makoda stated.
The Commissioner outlined the committee’s terms of reference, which include reviewing the four existing education policies in the state to assess whether they align with the cultural and religious beliefs of the people.
“Evaluating the feasibility of implementing the policies, and making recommendations to strengthen the state’s education system.”
He noted that the four policies to be reviewed include the Kano State Girls’ Education Policy, Kano State Gender Equity and Social Inclusion Policy, Kano State Non-State School Policy, and Kano State Teacher Development Policy.
Makoda announced that the committee has been given three weeks to submit its report, and urged the members to leverage their expertise to produce recommendations that would enhance the state’s education sector.
In his response, the committee chairman, Malam Abdullahi Dutse, assured the commissioner of the committee’s commitment to work collaboratively to meet the expectations placed on them.
“Considering the diverse expertise of the committee members, I believe the government has selected individuals with the right skills to address the challenges facing education in the state. We will work diligently to provide the necessary report,” he said.
The committee’s members include Malam Abdullahi Dutse (Chairman), Prof Abdallah Uba -Adamu, Habibu Dan Almajiri, Alhaji Danlami Garba, Kano State Commissioner for Women, Children, and Disabled Affairs Hajiya Amina Abdullahi, and Isa Ahmad.
Other members are Prof Tijjani Naniya, Malam Kabiru Hanga, Munzali Mustapha, Prof Auwal Halliru Arzai, and Dr Bashir Aliyu -Umar.
The remaining include the representatives of the Emirate Council and Civil Society Organizations, and Ibrahim Bawa, Director of Archives and Publications, who will serve as Secretary of the committee.
Headlines
U.S commends Nigeria over Galactica funds repatriation efforts
The U.S. Deputy-Secretary of State, Kurt Campbell, has extolled Nigeria’s partnership in the successful repatriation of funds linked to forfeited luxury real estate and Galactica Star Superyacht. (more…)
Headlines
Tinubu congratulates Nigerian scientists, engineers on making Biden’s honour list
President Bola Tinubu has congratulated six Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States.
This recognition, established by former President Bill Clinton in 1996, is the highest honour bestowed by the United States government on outstanding scientists and engineers in the early stages of their careers.
This year’s awardees, announced by Biden on Jan. 14, are employed or funded by 14 participating United States government agencies, Mr Bayo Onanuga, the President’s Spokesman, said in a statement on Thursday in Abuja.
The Nigerian honourees include Azeez Butali, Gilbert Lilly Endowed Professor of Diagnostic Sciences, College of Dentistry, University of Iowa; and Ijeoma Opara, Associate Professor of Public Health (Social and Behavioral Sciences), Yale School of Public Health, Yale University.
Others are: Oluwatomi Akindele, Postdoctoral researcher at Lawrence Livermore National Laboratory; and Eno Ebong, Associate Professor of Chemical Engineering, Bioengineering, and Biology at Northeastern University;
The rest are: Oluwasanmi Koyejo, Assistant Professor of Computer Science at Stanford University; and Abidemi Ajiboye, Executive vice Chair of the Case School of Engineering, Department of Biomedical Engineering, and Case Western Reserve University.
Tinubu commended the awardees for their achievements in science, technology and engineering.
He noted that recognising the talents of the awardees underscored Nigerians’ vast potential to excel both at home and on the global stage.
Tinubu looked forward to the honourees sharing their multidisciplinary expertise to benefit Nigeria’s development efforts under the Renewed Hope Agenda. (more…)
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