Connect with us

News

Oyo Abduction: President, Makinde working; Nigerians must take security seriously, Folashade Tinubu-Ojo says

info

Published

on

Folashade tinubu ojo.jpg

Folashade Tinubu-Ojo, daughter of President Bola Tinubu, says the Oyo State government and the federal government are working but should increase efforts to protect lives and property, adding that citizens should also take their security seriously.

 Mrs Tinubu-Ojo, who visited Ogbomoso over the abduction of 46 schoolchildren and teachers in Esienle and Yawota communities in Orire Local Government Area on May 15, advised both the Oyo and federal governments to intensify efforts to rescue the victims and secure the country.

She said, “My advice for Oyo State government and (Tinubu-led) federal government is that we know they are working, but they should increase efforts to secure the country.

“Security is very important. We know the government is there for us. We citizens, too, should take our security seriously. In our market, we tell them: when you see any strange face, and we know it’s not one of us in the market, we should ask them where they are from and what they want. If you have something, say something.”

Mrs Tinubu-Ojo’s visit to Ogbomoso came 20 days after the schoolchildren were abducted.

Delay in the rescue of the abductees has sparked protests in Lagos, Ibadan, Ogbomoso, Bayelsa, and Plateau, while the Nigerian Union of Teachers directed their members to down tools in protest.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

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

info

Published

on

By

Yusuf Dantalle.jpg

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.

Continue Reading

News

OpenAI reportedly completed a $7 billion employee tender offer

info

Published

on

By

OpenAI logo green.jpg

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.

Continue Reading

Trending