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Rep Musa Bagos Highlights Unity as Key to Plateau’s Progress After Divisive 2023 Elections

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Musa Bagos inauguration

In his inauguration reception held at Tamarald event center in Jos on June 18, 2023, Dachung Musa Bagos, the Member representing Jos South/Jos East Federal Constituency, emphasized the significance of unity for the progress of Plateau State. The recent elections had resulted in deep divisions among the people of Plateau due to varying political interests.

Bagos, who is beginning his second term as a member of the House of Representatives, called for the new mandate to be built on unity, encouraging the active involvement of citizens and stakeholders within the constituency. He assured the public that his second term would be even more fruitful, stating, “We want to assure you that you will not regret this mandate.”

In the company of his beautiful wife, Rep Bagos expressed deep gratitude to his constituency for reelecting him, Bagos urged all supporters of the Peoples Democratic Party in the state to unite and collaborate for the sake of success, which would translate into the dividends of democracy.

The legislator also addressed the unfortunate resurgence of violent attacks resulting in loss of life and property. He highlighted the lack of capacity of the previous administration, including the governor, to mobilize state policing to address such situations effectively. Bagos appealed to the Federal Government to respond promptly, apprehend the perpetrators, and restore peace and order in the state.

“We need state police, and the federal government should understand the gravity of the situation and take appropriate action. We demand the arrest of the perpetrators and justice for the communities that have endured these attacks,” Bagos asserted.

Anticipating his second term as the representative for Jos East/Jos South Federal constituency, Bagos assured his constituents of significant progress. He encouraged them to expect remarkable developments during his tenure.

Governor Caleb Mutwang of Plateau State, represented by Deputy Governor Ngo Josphine Piyo, congratulated Bagos on his reelection, commending the decision of the constituents based on his exemplary performance in the 9th assembly. The governor expressed confidence in Bagos’ ability to deliver even more as he begins his tenure in the 10th assembly, stating, “I know that you will do more, and the sky will be your limit.”

Governor Mutwang also extended condolences to the people of the state for recent unsettling events, urging them to remain resilient. He assured the public that the government was committed to doing everything within its power to restore peace to the affected areas.

The inauguration reception witnessed the presence of the newly elected Reps Member Peter Ibrahim Gyendeng, Barkin-Ladi/Riyom Federal Constituency, the Speaker, Deputy Speaker, and several members of the Plateau State House of Assembly. Dignitaries, royal fathers, party supporters, stakeholders, and well-wishers gathered in large numbers to celebrate the thanksgiving service of Hon. Dachung Musa Bagos, member representing Jos East/Jos South, at the National House of Assembly in Abuja.

The highlight of the occasion was a series of captivating performances by renowned gospel musicians, including Solomon Lange, Jeremiah Gyang, Jah Device, Dung Kaze, Mallam RazPhil, Jobb Manja, and Friday Jibo. The event was skillfully anchored by BigBlunt Morgan Tok.

Congratulations to Hon. Dachung Musa Bagos on his well-deserved position in the House of Representatives.

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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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