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Former Plateau Youth Leaders Voice Concerns Over Conflicting Tribunal Judgments

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Ex Plateau Youth Leaders Tribunal

The Forum of Former Youth Leaders (Veterans) in Plateau State convened a world press conference at the Azi Nyako Youth Centre in Jos to address what they call “disturbing issues” surrounding the conflicting judgments delivered by the National and State Assembly Election Petition Tribunal sitting in Jos, Plateau State.

Gathered at the Azi Nyako Youth Centre on September 19, 2023, veterans and concerned citizens voiced their worries and concerns over the recent rulings by Justice M.B. Tukur that overturned previous judgments related to Plateau State senatorial and House of Representatives elections.

The tribunal had been delivering judgments over the past three weeks, with the conflicting judgments for the representatives of the state at the National Assembly causing significant concern among the veterans.

The crux of the issue lies in the question of the political structure, on which aggrieved petitioners based their suits against the People’s Democratic Party (PDP). The earlier judgment, pronounced by Justice William Rotimi and his colleagues, upheld the validity of the PDP’s structure. According to the veterans, this ruling was in line with the Constitution of the Federal Republic of Nigeria and the Electoral Act.

In the cases between Sen. Simon Mwadkon Vs others, Hon. Musa A. Agah Vs others, and Hon. Isaac Kwallu Vs others, the tribunal ruled that the nomination and sponsorship of candidates for elections were the sole duty of the party and that contesting such nominations should be limited to party members through a Federal High Court.

The veterans expressed support for these rulings, considering them in compliance with relevant laws and a definitive resolution of the structure and nomination of candidates issue.

However, Justice M.B. Tukur’s subsequent contradictory judgments, delivered on September 11, 2023, overturned the victories of several candidates, including Hon. Peter Gyendeng, Hon. Musa Bagos, and Hon. Beni Lar, along with Sen. Napoleon Bali of Plateau South Senatorial District, on the same grounds as the earlier judgments.

The veterans voiced their concern, asserting that Justice Tukur’s decision to contradict his colleagues who had upheld the elections could sow discord and chaos in the state.

“While we respect the sanctity of the Nigerian Judiciary, we are perturbed about this recent judicial debacle that is capable of setting the state in needless strife. This development is awfully troubling to us,” they stated.

The press conference also emphasized Plateau State’s history of political consensus, highlighting the unity in choosing its leaders. In the 2023 general elections, Plateau State overwhelmingly returned PDP to power, securing victories in the governorship, senatorial, and House of Assembly elections.

The veterans stressed that the press conference represented the choice and rights of the majority of Plateau citizens and called for respect for the people’s choice. They argued that Justice Tukur had erred in law by intervening in matters outside the jurisdiction of the tribunal and requested a review of his judgment.

They also called for the cases involving the election of PDP members that are still pending in the tribunal to be upheld and urged the National Judicial Council and law enforcement agencies to investigate any potential motivations behind the controversial judgments.

In conclusion, the veterans expressed their belief in the neutrality of the judiciary and urged lawyers to attend retreats to enhance their understanding of the law. They reiterated their confidence in the Nigerian judiciary as the last hope of the common man and called for justice to prevail.

 

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Lasaco Assurance’s ₦18.47bn Rights Issue Closes May 13

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BY NKECHI NAECHE-ESEZOBOR—Lasaco Assurance Plc has announced that v will officially close on May 13, 2026, marking the end date for eligible shareholders to participate in the capital raising exercise.

The offer is part of the company’s strategy to strengthen its financial base, boost underwriting capacity, and support its expansion plans within Nigeria’s insurance sector.

The offer comprises 9,236,321,546 ordinary shares of 50 kobo each, priced at ₦2.00 per share, on the basis of five (5) new shares for every six (6) existing shares held. The Rights Issue is open to shareholders whose names appeared on the Company’s register as at the close of business on February 20, 2026.

The exercise is expected to raise approximately ₦18.47 billion, which will be strategically deployed to strengthen the Company’s capital base, enhance underwriting capacity, and support the expansion of its market presence within Nigeria’s competitive insurance landscape.

Meristem Capital Limited is acting as Lead Issuing House, while PAC Capital serves as Joint Issuing House on the transaction.

Commenting on the development, the Managing Director of Lasaco Assurance Plc, Ademoye Shobo, reaffirmed the Company’s commitment to maintaining a robust capital position to meet its obligations and deliver sustained value to policyholders and stakeholders.

This initiative aligns with broader efforts across the Nigerian insurance industry to meet evolving regulatory capital requirements, strengthen balance sheets, and position operators to underwrite larger and more complex risks across key sectors of the economy.

The post Lasaco Assurance’s ₦18.47bn Rights Issue Closes May 13 appeared first on Business Today NG.

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AI research lab NeoCognition lands $40M seed to build agents that learn like humans

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Investors are aggressively courting AI researchers to build startups that can make AI more reliable and efficient.

Yu Su, an Ohio State professor leading an AI agent lab, said he initially resisted the pressure from VCs to commercialize his work. He finally took the leap last year and spun out his work into a startup when he saw that foundational model advances could make agents truly personalized.

NeoCognition, a startup Su describes as a research lab developing self-learning AI agents, has just emerged from stealth with $40 million in seed funding. The round was co-led by Cambium Capital and Walden Catalyst Ventures, with participation from Vista Equity Partners and angels, including Intel CEO Lip-Bu Tan and Databricks co-founder Ion Stoica.

“Today’s agents are generalists,” Su (pictured left) told TechCrunch. “Every time you ask them to do a task, you take a leap of faith.”

According to Su, the issue lies in a lack of consistency. Current agents, whether from Claude Code, OpenClaw or Perplexity’s computer tools, successfully complete tasks as intended only about 50% of the time, he said.

Since agents are still so unreliable, they are not ready to be trusted, independent workers, Su told TechCrunch. NeoCognition intends to change that by developing an agent system that can self-learn to become an expert in any domain, similar to how humans learn.

Su argues that while human intelligence is broad, its real power is our ability to specialize. When we enter a new environment or profession, we can rapidly master its unique rules, relationships, and consequences.

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NeoCognition is building agents to mirror this exact approach.

“For humans, our continued learning process is essentially the process of building a world model for any profession, any environment,” Su said. “We believe for agents to become experts, they need to learn autonomously to build a model of any given micro world.”

Su views this capacity for rapid specialization as the critical missing link to getting AI to work reliably on its own.

While it is possible to train agents for autonomous tasks, they must be custom-engineered for a specific vertical. NeoCognition is different because it’s building agents that are generalists capable of self-learning and specializing in any domain.

NeoCognition intends to sell its agent systems primarily to enterprises, including established SaaS companies, which can use them to build agent-workers or to enhance existing product offerings.

Su highlighted that an investment from Vista Equity Partners is especially valuable for this reason. As one of the largest private equity firms in the software space, Vista can provide NeoCognition with direct access to a vast portfolio of companies looking to modernize their products with AI.

NeoCognition currently has about 15 employees, the majority of whom hold PhDs.

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