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Lagos Police Arrest 4 Notorious Eiye Cultists in Egbeda Initiation Raid

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Operatives of the Lagos State Police Command have arrested four suspected notorious cultists linked to a series of violent crimes and cult-related activities within Alimosho and its environs.

The suspects, identified as 34-year-old Nurudeen Ganiu, 38-year-old Oluwaleke Fagbula, 41-year-old Emmanuel Silas, and 41-year-old Nurudeen Abdullahi, were apprehended during a midnight initiation ceremony in the Egbeda area of Lagos State.

Acting on credible intelligence, police operatives launched a covert raid that disrupted the ring and led directly to their capture.

During the successful operation, law enforcement officers recovered one locally made cut-to-size pistol, one English Beretta pistol loaded with ten rounds of live ammunition, and a jackknife.

Further investigation by the Command revealed that one of the apprehended suspects is a notorious gang kingpin who was rusticated from a university in Ogun State in 2022 due to his involvement in cult activities. Police findings established that the gang has been deeply involved in local thuggery and has consistently terrorized residents of Egbeda and neighboring communities.

The suspects confessed to being active members of the Eiye Confraternity, a notorious secret cult group. Their standard mode of operation involved using motorcycles to launch swift attacks on unsuspecting members of the public and disrupting social gatherings at gunpoint.

The Commissioner of Police for the Lagos State Command commended the operatives for their professionalism and swift tactical response during the midnight raid. Reassuring residents of the state, the Commissioner emphasized that the Command remains steadfast in its resolve to combat cultism and eliminate violent crimes across Lagos. Members of the public were urged to stay vigilant and continue assisting law enforcement by reporting suspicious activities through the Command’s dedicated emergency lines.

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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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