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Plateau gov-elect, Caleb Mutfwang to inaugurate transition committee, dissolve campaign council

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The Plateau State Governor-elect, Barr. Caleb Mutfwang has approved the constitution of a Transition Committee which would be inaugurated on Tuesday in Jos.

However, the Governor-elect will before the inauguration, formally dissolve the State PDP Campaign Council which was chaired by Mr. Letep Dabang.

A statement issued on Monday in Jos by the Director, Directorate of Media and Publicity, Atiku-Okowa/Mutfwang-Piyo Campaign Council, Plateau State, Yiljap Abraham stated, “The Governor-elect after due consultation, has approved the constitution of a Transition Committee.

“The Governor-elect will therefore inaugurate the Committee on Tuesday, April 25, 2023, at the Eliel Centre, by 10 am. The constitution and inauguration of the Transition Committee mark a very critical point in the overall preparation of Barr. Caleb Mutfwang to assume leadership of Plateau State on May 29, 2023, at his inauguration.

“But just before he inaugurates the Transition Committee, the Governor-elect will formally dissolve the Plateau State PDP Campaign Council. The Council, chaired by Chief Letep Dabang is made up of over 200 members from across the state who had served in 19 Directorates.

“Both events will be witnessed by PDP officials, Campaign Council members and party enthusiasts from all over the State.”

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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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