Elon Musk just became the richest person in the world, with a net worth of more than $185 billion.
Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion.
Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history and marks a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against Tesla’s stock.
Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.
Tesla’s rocketing share price which has increased more than nine-fold over the past year along with his generous pay package has added more than $150 billion to his net worth.
Meanwhile, Amazon’s share price has remained more subdued due to the potential for increased regulation from Washington.
Elon Musk passed Warren Buffett in July to become the seventh richest person.
In November, Musk raced past Bill Gates to become the second richest person.
Musk has gained more wealth over the past 12 months than Bill Gates’ entire net worth of $132 billion.
Tesla’s shares were recently trading at about $790, up more than 4% in trading Thursday.
The company’s market value has grown to $737.6 billion.
ICPC arraigns two FRSC officers for extorting motorists
The Independent Corrupt Practices and other Related Offences Commission has arraigned two officials of the Federal Road Safety Corps over alleged extortion of motorists.
The two officials, John Asegu and Otom Asueni, were brought before Honourable Justice H. Aprioku of the Rivers State High Court 11 sitting in Port Harcourt on two-count of extortion and gratification.
ICPC, according to a statement on Monday, told the court how the duo forcibly collected various sums of money totaling N3,500 from motorists as a “fee“ to allow the motorists pass their checkpoint along Port Harcourt-Ahoada expressway, even without being charged for any traffic offence.
The Commission also accused the defendants of using their position as public officers to confer undue advantage upon themselves by soliciting for, and accepting gratification. The defendants were arrested on the act after ICPC mounted a sting operation on them following intelligence
ICPC in a Charge No: PHC/3905ICPC/19 averred that the duo’s actions were contrary to and punishable under sections 8, 19, and 26 of the Corrupt Practices and Other Related Offences Act, 2000, and if they are found guilty they shall on conviction, be liable to imprisonment for seven years without option of fine.
The accused persons pleaded not guilty to the charges and were granted them bail.
They were, however, remanded in prison because of their inability to meet up with the bail conditions.
The case was adjourned to the 26th of March, 2021 for commencement of trial.
NECO RESULT RELEASE
RIVERS STATE MINISTRY OF EDUCATION
The Rivers State Ministry of Education informs School Owners, Administrators, Parents and Guardians that the results of the 2020 Basic Education Certificate Examination (BECE) have been released.
The Ministry enjoins all candidates who sat for the examination to visit their schools for collection.
The Ministry states that:
HENCEFORTH, Candidates seeking to register for SSCE must present original copy of their BECE certificate as a prerequisite for registration.
Candidates who have registered for the 2021 SSCE must present their BECE certificate before the completion of their registration.
Candidates seeking to benefit from the state government’s bankrolled UTME registration must also present original copy of their BECE certificates.
Public and Private Schools by this announcement must ensure students seeking to be admitted into SS1 to SS3 present original copy of their BECE certificates at the point of registration
The Ministry solicits the cooperation of all heads of schools to drive this course.
Schools can apply for the BECE certificates at rivemis.riversstate.gov.ng
Sir. Chidi Adiele
Rivers State Ministry of Education
Sunday Igboho storms Ogun, vows to flush out killer herdsmen
A Yoruba rights activist, Sunday Adeyemo, popularly known as Sunday Igboho on Monday, stormed some parts of Ogun State and vowed to flush out killer herdsmen in the troubled areas in the state
Igboho, who stopped briefly in Abeokuta around 4pm and had a brief interaction with his supporters, later proceeded to Ketuland where some soldiers allegedly connived with herdsmen to flog some farmers for not allowing them grazing their cattle on their farms in Yewa-North Local Government Area of the state.
While addressing his followers in Abeokuta, the activist said, “I observe there is an injustice from the herdsmen because they know the power that they have in the Federal Government. So, they behave as if Yoruba people are nobody. They kill our people, they kidnap our people, and they rape our women.”
“Any Fulani herdsman who engages in kidnapping would be flushed out,” Igboho vowed.
When asked whether he would limit his activism to Igangan, his hometown in Oyo State, Igboho said, “Not only Igangan, we are going to visit all Yorubaland and ensure there is peace everywhere.”
The activist lauded the state governor, Dapo Abiodun, for allowing him in the state.
Appreciating the gesture, the activist said, “We have not visited the governor, we will do that after we have flushed the Fulani herdsmen out of the state.
“I am going to Yewa because that is where the Fulani are wreaking havoc.”
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