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Deregistration: ‘NDC remains legally recognised, operational party’ — Zamfara chairman

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The Chairman of the Nigeria Democratic Congress, NDC, in Zamfara State, Surajo Garba Maikatako, has described the party’s reported deregistration as a temporary legal hurdle, urging supporters to remain committed to the ideals of democracy.
Maikatako said this in a statement issued on Sunday in Gusau, where he reassured party members and supporters that the NDC remains a legally recognised and operational political party.

According to him, the party’s leadership had clarified that the NDC had not been deregistered and remained committed to democratic governance and service to Nigerians.

“The recent ruling by the Federal High Court is a decision we view as a temporary legal hurdle, not a death knell,” he said.

The state chairman maintained that the party had complied with all constitutional and legal requirements, adding that its structures remained intact from the polling unit level to the national level.

He also stated that the party’s candidates remained valid and that preparations for the 2027 general elections were ongoing.

Maikatako called on supporters in Zamfara State to remain calm, united and focused, insisting that the development should not discourage members of the party.

He further expressed confidence in the leadership of the party at the national level, describing its governorship candidate in Zamfara State, Senator Kabiru Marafa, as a key figure in the party’s political aspirations.

The chairman urged members to remain steadfast while the party pursues available legal options regarding the court ruling.

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Osun guber: You can’t kill same people you want to govern – Dantalle warns politicians

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National Chairman of the Inter-Party Advisory Council, IPAC, Yusuf Dantalle, has expressed concern over the rising cases of electoral violence in Osun State ahead of the August 15 governorship election.

DAILY POST reports that several local government areas in the state have been identified as hotspots for potential election-related violence ahead of Saturday’s poll.

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OpenAI reportedly completed a $7 billion employee tender offer

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OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce.

The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the company’s war chest.

The company also filed confidentially with the Securities and Exchange Commission in June to prepare for a potential IPO later this year. However, a tender offer suggests that an IPO may not be forthcoming soon. With many tech companies remaining private longer than previous generations of startups, private tenders have proven a useful way for firms to allow employees to realize the value of their stock compensation without the difficulties that come with a public offering.

OpenAI did not respond to a request for comment by publication time.

Last month, OpenAI CEO Sam Altman wrote that “we did not have our best 12 months ever, which is mostly my fault, but we are about to have our best 12 months to date.” Firms going public typically want to show strong financial results to bring investors on board, and the Wall Street Journal reported in April that the company missed internal financial goals.

While OpenAI’s incredible growth and products are likely to generate massive interest in public markets, the potential debut of rival Anthropic — which was reportedly profitable earlier this year — gives the company a reason to ensure it puts its best face forward. The tender could be another signal that the much-anticipated offering will wait for OpenAI’s new strategy of paring down its bets and focusing on its enterprise business to gain traction.

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