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Trump Announces His Own Social Media

Former United States of America President, Donald Trump on Wednesday said that he’s launching Trump Media & Technology Group, TMTG, and a “Truth Social” app as a rival to the Big Tech companies that have shut him out and denied him the megaphone that was paramount to his national rise.
The announcement came nine months after Trump was expelled from social media for his role in inciting the Jan. 6 Capitol insurrection.
Experts were split on how strong a competitor Trump Media & Technology Group can be, but the stock market reacted with exuberance.
TMTG’s plan is to become a publicly listed company through a merger with Digital World Acquisition Corp., a type of company whose sole purpose is to acquire a private company and take it public.
Shares of Digital World Acquisition quadrupled Thursday in what some might see as validation for Trump, even though there’s a ways to go before the merger is completed.
“I’m personally not a Trump supporter, but this could lead to giant media presence,” said investor Ryan Joshua Keenan, who put $2,000 into the stock early Thursday morning and had already tripled the money by the early afternoon. “It’s been going up ridiculously.”
Trump has spoken about launching his own social media site ever since he was barred from Twitter and Facebook. An earlier effort to launch a blog on his existing website was abandoned after the page drew dismal views.
“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,” he said in a statement Wednesday. “This is unacceptable.”
Conservative voices actually do well on traditional social media. On Wednesday, half of Facebook’s 10 top performing link posts were from conservative media, commentators or politicians, according to a daily list compiled by a New York Times technology columnist and an internet studies professor using Facebook’s own data.
TMTG has not set its sights low. In addition to the Truth Social app, which is expected to soft-launch next month with a nationwide rollout early next year, the company says it is planning a video-on-demand service dubbed TMTG+ that will feature entertainment programming, news and podcasts.
One slide in a TMTG presentation on its website includes a graphic of its potential competitors, which range from Facebook and Twitter to Netflix and Disney+ to CNN. The same slide suggests that over the long term TMTG will also become a power in cloud computing and payments and suggests it will go head-to-head with Amazon, Microsoft, Google and Stripe.
A Trump-branded social media portal would join a crowded space dominated by Big Tech-run portals like Facebook and Twitter. Still, everyday social media users tend to be on multiple platforms at once, so TMTG’s offering doesn’t have to necessarily peel users from other portals to thrive.
“This network will most likely be most successful in targeting far-right users, the same that left Facebook for ‘alternative’ social networks like Gab or Parler,” said Alexandra Cirone, assistant professor in government at Cornell University.
Trump’s new media outlet could also compete for viewers on conservative networks such as OANN, Newsmax and Fox News, she said.
Ali Mogharabi, senior equity analyst at Morningstar, who covers Twitter, Facebook and other social media companies, said Trump’s brand could initially give TMTG a leg up relative to other new social media sites going up against Facebook and other big players.
“Whether that’s going to be sustainable in the long run, that’s very uncertain.”
Mogharabi said next year’s mid-term elections could be pivotal in whether the social media platform succeeds.
“A lot of Trump supporters would probably go on there. Even more so in 2024, if Trump actually decides to run for president. Those types of future events could actually attract more users.”
For now, the deal is attracting stock traders. Shares of Digital World Acquisition soared $35.34, or 357%, to $45.50, and changed hands more than 475 million times. That compares with average trading volume of about 11 million shares for Twitter, which trade at around $65.
Digital World Acquisition, based in Miami, is a special-purpose acquisition company, or SPAC. Such publicly traded companies are designed to list the shares of a private company more quickly than a traditional initial public offering. In practice, that means the SPAC acquires a private firm and then changes its name and other details to those of the acquired firm.
“It’s been many, many months since there’s been a SPAC merger greeted with this amount of enthusiasm,” said Jay Ritter, a professor at the University of Florida who specializes in initial public offerings.
A SPAC pays for an acquisition with cash from its own initial public offering. DWA completed its initial public offering on Sept. 8. DWA said it has raised roughly $293 million in cash, which it will use to grow TMTG’s ventures.
The enthusiasm from investors came even though the SPAC deal was unusual in several ways. Announcements of such deals typically are accompanied by the actual merger agreement and a presentation to investors full of numbers and data.
In this one, the merger agreement was not there. And the “Company Overview” of TMTG on its website is light on details about its structure and finances.
“I don’t know enough to say it’s unprecedented, but it’s weird. Given a lot of things that happen with Trump are not great with details and formalities, it’s perhaps not surprising, but it’s not the norm in SPACs,” said Michael Ohlrogge, an assistant professor of law at New York University who researches SPACs.
Until the deal is completed, TMTG would not have access to the cash raised by the SPAC. And without additional details from the companies, it’s unclear what Trump’s role will be and how much he’ll be compensated.
The deal has an initial enterprise value, which measures total debts and assets, of $875 million, according to Wednesday’s announcement. Experts say it could take up to six months for the deal to close.
Digital World Acqusition is currently run by CEO Patrick Orlando, a Miami-based founder of the Benessere Investment Group. He owns 18% of Digital World’s stock, according to a recent regulatory filing.
Orlando has experience taking at least three SPACs public. One company, Yunhong International, had planned to buy a marketer of “carbon neutral” fuel cells and batteries, but a press release issued last month said the deal had been canceled without giving a reason.
Orlando declined to comment about Trump’s potential role in the new company to The Associated Press on Thursday, pointing the public statements, which provide no detail.
The last time Trump ran a publicly traded company, it didn’t end up well for investors. His casino company, Trump Entertainment Resorts, lost hundreds of millions of dollars over more than a dozen years and filed for bankruptcy several times, socking shareholders with big losses. Trump fared better. He took in $82 million in fees, salary and bonuses over the same period, according to Fortune magazine.
(AP)
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[OPINION] Jan 1 Resolutions: Why I Write What I Write

By Festus Adedayo
As I write this, I am listening to a line of the song of my favourite Jamaican reggae music superstar, Peter Tosh. It is a 1979 track entitled Jah Seh No, in his Mystic Man album. When life becomes too convoluted for me to comprehend, when it seems I am running mad, I run into Tosh’s embrace. But, running to Tosh for an embrace is problematic. Tosh himself was like a madman. He was unconventional, an iconoclast who didn’t see life from the prism of the living. A devout adherent of the Rastafari faith, he was highly spiritual, was a poet, philosopher and a staunch defender of African rights. At some point, life broke Tosh’s will, long before his assassination on September 11, 1987, aged 42, in Kingston, Jamaica. It would appear that his musical preachment made little impact. He was repeatedly assaulted by Jamaican police and once had his skull cracked by them. The charge was his illiberal smoking of marijuana. So, in this track, Tosh bore his frustration with orthodoxy and the system thus: “Must Rastas bear this cross alone and all the heathens go free? Must Rastas live in misery and heathens in luxury? Must righteous live in pain and always put to shame? Must they be found guilty and always get the blame?
Tosh’s Jamaica of 1979 bears similarities with today’s Nigeria. Jamaica wore, like an apron, significant economic instability. This led to intense poverty and inequality driven by global economic shocks, domestic policy choices, capital flight, and political violence. The aftermath was massive hopelessness.
The attendant hopelessness in Jamaica fired the muse of reggae musicians. They saw naked poverty as catalysts for their songs. For instance, in 1976, Maxwell Smith, known professionally as Max Romeo & The Upsetters Band, sang in Uptown Babies Don’t Cry, about a little lad hawking Kisko, a popular brand of ice pops, on Kingston streets and shouting “Kisko pops! Kisko pops!”. He also sang about another lad who, as Star newspaper vendor, shouted, “Star News, read the news!”. They were embroiled in existential survival, said Romeo, and “help(ing) mummy pay the fee, for little junior to go to school.” For Tosh, in his Get Up, Stand Up, Jamaicans must stand up for their rights while Bob, apparently frustrated by the system, in Time Will Tell, sang confidently that ”Jah would never give the power to a baldhead to come crucify the dread.”
But the Jamaican governmental and political leadership, epitomised by Edward Seaga and Michael Manley, kept on taking advantage of the people’s hopelessness. Nigeria of today is yesterday’s Jamaican mirror on the wall. The hopelessness in the land has the capacity to break the most impregnable will. Everything seems to be upside down. Seaga and Manley are replicated in Bola Tinubu and Abubakar Atiku. Or Peter Obi and other scavengers for power.
MORE FROM THE AUTHOR:OPINION: Can Tinubu, Our Eddie Kwansa, Now Come Home?
Everything is shrouded in a fog. Hope of retrieval of country from the jaws of political carnivores recedes by the day. This year, prelude to election year, will even be worse. Foes will stab friends and friends will stab foes, not in the back, but in their very before. War has begun, says So-kple-So. That line reminds me of Ghanaian Akan poet, Kojo Senanu’s poem, “My Song Burst” in the A Selection of African Poetry, authored by him and Theo Vincent, which recited that Akan war song.
Physical or psychological repression is writ large. Impunity reigns like a malevolent incubus. Those are actually not the ailment. The disease is the Nigerian people. The way Nigerians’ minds have become warped, significantly captured and compartmentalized into a binary, is mind-boggling. Never have Nigerians’ minds operated in a gross profile as this. Tribe, religion, and political parties determine where everyone stands. No one sees rot and maggots but opportunities. Everyone is running a rat race to take a bite of Nigeria’s carrion. Our sense of judgment has been significantly recalibrated. When I read comments by some otherwise knowledgeable and brilliant people on visible rots in the polity, I feel I am falling into depression. Yet, a part of me warns not to take Nigeria seriously. If you run mad and then die, Nigerians would piss on your graveside.
Many times, I have toyed with the option of abandoning this thankless ritual of column-writing which I began in 1998. It is a killing ritual for which, not only don’t you get paid but you are insulted for daring to have a voice. Maybe I could find sanity in silence and abandonment of my voice? After all, Reno Omokri and Daniel Bwala have found redefinition in becoming the biblical Lot’s wife. But my mind tells me I would face hell on earth and would even not rest in peace. But the truth is, where I stand has potentials of running me mad. Permit me to be immodest, those who know me know I have an ecumenical spirit that cannot hurt a fly. But when I sit behind my laptop, I am like a possessed Yoruba deity of smallpox called Sonpona. Chaos, otherwise known as upside-down, which Fela said has its meaning too, is meaningless to me. Everywhere I turn, I see chaos and my head spins, threatening to explode. Even when I cannot totally extricate myself from the rot in the land, I am grieved like a pallbearer. Yet, another part of me tells me that order and chaos are Siamese, built into a profile by the Omnipotent.
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As 2025 spun into oblivion, I stood to make a New Year resolution. But before I did this, I checked the literature of resolutions. It offers no comfort. Over a century ago, specifically on January 1, 1887, Rudyard Kipling, English journalist and novelist, attempted to drill into the philosophy of resolutions. In a timeless poem which explored the human desire to make New Year resolutions and the failure that attends it, he gave a tribe of New Year resolution makers a short-lived hope. He did this in a poem he entitled Little-Known Poem on New Year’s Resolutions. Billions of people in the world make resolutions on New Year’s Day. But, said Kipling, there are trials and tribulations in resolutions. In seven short stanzas, Kipling took readers on a journey. He begins by listing vices he wants to give up. They hung on him like an apparition. Chief among the vices were alcohol, gambling, flirting, and smoking. But in each of the stanzas, as he proposes a resolution, he proposes contrary sentences that nullify the resolutions and even justifying their reversals.
Matthew Wills, in his Why New Years Falls on January 1st: Why do we celebrate the beginning of the New Year on the first of January?, took the world on a journey on the frivolities of January 1st. Julius Caesar, he said, is why. The eponymous Julian calendar, said Matthew, began in Mensis Ianuarius (or Januarius) 45B.C. The month of January, he further reminded us, is named after the Roman god called Janus. Janus is a god who had two faces. While one faces the future, the other faces the past. Janus was however perceived, according to Wills, as “the god of beginnings, endings, and transitions, or, more prosaically, doors and passageways.”
Among the Yoruba, just like Jews’, the agricultural season marks the beginning of the year. For them, the newness of a year is defined by their philosophy of time, which they also approximated in the saying, the next season is here so, don’t eat your yam seedling, «Àmódún ò jìnnà, má jẹ isu èèbù rẹ». Season and time, to the Yoruba, are expressed in an embodiment of words like àkόkὸ (time around), ìgbà (season) and àsìkò (specific season) which they most times deploy interchangeably. The people also have sayings which speak to their conception of time. For instance, late professor of philosophy and my teacher at the University of Lagos, Sophie Oluwole, in one of her works, “The Labyrinth Conception of Time as Basis of Yoruba View of Development” published in Studies in Intercultural Philosophy (1997), cited Yoruba saying to illustrate this. “Tí wón bá ńpa òní, kí òla tèlé won kí ó lo wò bí won o ti sin ín (when today is being killed, tomorrow’s attendance at the murder scene is necessary so that it could see where the corpse of today is buried and for it to know how it too would be interred). The two other Yoruba sayings Oluwole cited to illustrate time and season are, one: “ogbón odún ni, wèrè èèmí ni” (this year’s wisdom is next year’s folly) and “Ìgbà ò lo bí òréré, ayé ò lo bí òpá ìbon” (a life span cannot exist ad infinitum; it is not vertical, and is unlike the straightness of the barrel of a gun).
MORE FROM THE AUTHOR:OPINION: Ted Cruz’s Genocide, Blasphemy And Ida The Slave Boy
These were all I reflected upon as I proposed to make a 2026 Resolution. The self-imposed road of a columnist I tread is a lonely, hard road strewn with briers and thorns. I remember the sermon of another Jamaican reggae great, Jimmy Cliff. It is a hard road to travel and a rough road to walk, he counseled. Many times, you are lonely, dejected and rejected on this road. You open your mouth to speak but wordless words ooze therefrom. Just as Tosh lamented in his “Must Rastas bear this cross alone and all the heathens go free?” volunteering anti-establishment opinion is like carrying a cross. Many times, I am inundated by family and friends to turn apostate of my belief. They fear death or state castration. Can’t the world see? Don’t they see the pains, grits and uncertainty on this road? Don’t they know that there is lushness, flourish and plenty on the other side? If I neglected these for a carapace-hard travel, I thought I would be hailed. No. Why is one who chose this lonely road the demon? And those who sup in the bowl of destruction heroes? Why? No response. Only echo of my own silent voice.
In this dejection, Audre Geraldine Lorde came to my rescue. Lorde was an American professor, philosopher, feminist, poet and rights activist. She was also a self-described Black lesbian. Lorde got romantically involved with Mildred Thompson, American sculptor, painter and lesbian she met in Nigeria during FESTAC 77. In a paper she delivered at the Modern Language Association›s “Lesbian and Literature Panel,” Chicago, Illinois, December 28, 1977 with the title, The Transformation of Silence into Language and Action, Lorde gave insight into the pains she encountered on account of her beliefs: “I have come to believe over and over again that what is most important to me must be spoken, made verbal and shared, even at the risk of having it bruised or misunderstood.”
It could also mean pain or death, but she said, “learning to put fear into a perspective gave me great strength” and that “I was going to die, if not sooner, then later, whether or not I had ever spoken.” Gradually, said Lorde, “I began to recognize a source of power within myself that comes from the knowledge that while it is most desirable not to be afraid, my silences had not protected me.” She died of liver cancer in 1995.
Yes, this is a rough, lonely road. It could be excruciating when you see friends, especially ones in government, desert you because they don’t want to associate with you. You walk alone like a deranged alchemist. Some even ask why, with your endowment and ascription, you live comparatively like a pauper. Your views are criminalized. Where you stand is not popular. But both madman Peter Tosh and lesbian Audre Geraldine Lorde give the will to trudge on in the New Year, regardless. Lorde was loud in my head with her admonition. After her initial apprehension of a mastectomy resulting from a breast cancer, she said: “I was going to die, sooner or later… My silences had not protected me. Your silences will not protect you…. What are the words you do not yet have? What are the tyrannies you swallow day by day and attempt to make your own, until you will sicken and die of them, still in silence? We have been socialized to respect fear.”
There and then, I made a bold vow, a New Year resolution: I will continue to speak truth to power. Regardless.
News
What I Saw After A Lady Undressed Herself — Pastor Adeboye

General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has recounted a remarkable experience in which he said a woman was miraculously healed after prayers.
Adeboye shared the testimony while speaking at the RCCG annual gathering, describing the incident as a clear demonstration of divine intervention and the power of prayer.
According to the cleric, the incident occurred during a visit to a city where he had checked into an undisclosed hotel.
READ ALSO:Pastor Adeboye To Lead Prayers For Nigeria
He said the lady approached him, greeted him and insisted on following him to his hotel room despite his objections.
“I told her, ‘Please don’t put me into trouble, I can pray for you here,’ but she insisted on following me,” Adeboye recounted.
He said that upon getting to the hotel room, the woman revealed the condition that prompted her persistence.
READ ALSO:How RCCG Pastor Absconded With $8,000, Marry New Wife In US — Pastor Adeboye’s wife
“When she pulled her dress up, what I saw shocked me. Her body was covered with scars,” he said.
Adeboye explained that he immediately began to pray for the woman, adding that he did not mind being loud during the prayers.
“I began to pray for her, and before I knew it, all the scars were gone,” he said.
The RCCG leader described the experience as a powerful testimony of faith, stressing that it reinforced his belief in prayer as a tool for healing and transformation.
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Missing N128bn: SERAP Demands Probe Into Power Ministry, NBET Expenditures

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to immediately order an investigation into allegations that more than N128 billion in public funds is missing or has been diverted from the Federal Ministry of Power and the Nigerian Bulk Electricity Trading Plc. (NBET), Abuja.
The allegations are contained in the latest annual report of the Auditor-General of the Federation, published on September 9, 2025, which highlighted multiple cases of financial irregularities, undocumented payments, ents and suspected diversion of public funds across both institutions.
In a letter dated January 3, 2026, and signed by SERAP’s Deputy Director, Kolawole Oluwadare, the organisation called on President Tinubu to direct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, alongside relevant anti-corruption agencies, to promptly probe the findings and ensure accountability.
SERAP stressed that any individual found culpable should be prosecuted where sufficient admissible evidence exists, while all missing or diverted funds should be fully recovered and paid back into the national treasury.
READ ALSO:SERAP Drags Akpabio, Tajudeen To Court Over Alleged Missing N18.6bn NASS Complex Project Funds
The group further urged the president to deploy any recovered funds to address the deficit in the 2026 budget and help ease Nigeria’s growing debt burden.
According to SERAP, Nigerians continue to bear the consequences of entrenched corruption in the power sector, which has contributed to persistent electricity shortages, frequent transmission line failures and unreliable power supply nationwide.
The organisation argued that addressing corruption in the sector would significantly improve access to regular and uninterrupted electricity.
The civil society group described the allegations as a grave breach of public trust and a violation of the 1999 Constitution (as amended), Nigeria’s anti-corruption laws and international obligations, including the United Nations Convention against Corruption.
READ ALSO:SERAP Drags RMAFC To Court Over Proposed Salary Hike For Political Office Holders
Detailing the audit findings, SERAP noted that the Ministry of Power failed to account for over N4.4 billion transferred to the Mambilla, Zungeru and Kashimbilla project accounts, with no evidence provided on how the funds were utilised.
The Auditor-General expressed fears that the money may have been diverted and recommended its recovery.
The report also revealed that the ministry paid over N95 billion to contractors for various projects without documentation or proof that the projects existed or were executed.
Additionally, more than N33 million was reportedly spent on foreign travels for the minister and aides to attend international events in Abu Dhabi and Dubai without required approvals from the Secretary to the Government of the Federation or the Head of Civil Service.
READ ALSO:SERAP Sues NNPCL Over Alleged Failure To Account For Missing N825bn, $2.5bn
Further concerns were raised over unaccounted expenditures, including over N230 million on the GIGMIS platform and more than N282 million paid as non-personal advances to staff beyond statutory limits, all without adequate documentation.
At NBET, the Auditor-General uncovered multiple cases of irregular contract awards and payments. These include over N427 million in contracts awarded without evidence of procurement advertisements, more than N7.6 billion transferred into purported sub-accounts of unnamed beneficiaries, and over N9.3 billion paid to Egbin Power Plc without documents to authenticate the transactions.
The audit also cited payments exceeding N8 billion made without proper record-keeping, over N420 million paid to ineligible consultants without evidence of services rendered, and more than N1.1 billion spent as extra-budgetary expenditure without approval from the Minister of Finance or the National Assembly.
READ ALSO:SERAP Kicks As Bill To Jail Nigerians Who Don’t Vote Is Proposed
Other questionable expenditures highlighted include payments for vehicles without due process, unapproved legal fees, undocumented staff welfare packages, and consultancy services not captured in approved budgets.
SERAP warned that if decisive action is not taken within seven days of the receipt or publication of its letter, the organisation would consider legal steps to compel the government to act in the public interest.
Citing constitutional provisions, SERAP reminded President Tinubu that Section 15(5) of the Constitution mandates the abolition of corrupt practices, while Section 16 obliges the government to ensure that the nation’s resources are managed to promote the welfare and happiness of all citizens.
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