Economy
Trump Says “Friendship With Musk Over But Risks ‘Serious Consequences’ If He Funds Democrats”
Trump Says “Friendship With Musk Over But Risks ‘Serious Consequences’ If He Funds Democrats”
Trump Says “Friendship with Musk over but risks ‘serious consequences’ if he funds Democrats”. Mr Trump said he had not thought about terminating U.S. government contracts with Mr Musk’s companies.
U.S. President Donald Trump on Saturday said his relationship with his billionaire donor Elon Musk is over and warned of “serious consequences” if Mr Musk funds U.S. Democrats running against Republicans who vote for the president’s sweeping tax and spending bill.
In a telephone interview with NBC News, Mr Trump declined to say what those consequences would be but added that he had not had discussions about whether to investigate Mr Musk.
Asked if he thought his relationship with the Tesla and SpaceX CEO was over, Trump said, “I would assume so, yeah.”
“No,” Trump told NBC when asked if he had any desire to repair his relationship with Mr Musk.
“I have no intention of speaking to him,” Mr Trump said.
However, Mr Trump said he had not thought about terminating U.S. government contracts with Mr Musk’s StarLink satellite internet or SpaceX rocket launch companies.
Messrs Musk and Trump began exchanging insults this week, as Mr Musk denounced Mr Trump’s bill as a “disgusting abomination.”
Mr Musk’s opposition to the measure complicated efforts to pass the legislation in Congress, where Republicans hold only slim majorities in the House of Representatives and Senate.
The bill narrowly passed the House last month and is now before the Senate, where Mr Trump’s fellow Republicans are considering making changes.
Nonpartisan analysts estimate the measure would add $2.4 trillion to the $36.2 trillion U.S. debt over 10 years, which worries many lawmakers, including some Republicans who are fiscal hawks.
Mr Musk also declared that it was time for a new political party in the United States “to represent the 80 per cent in the middle!”
Mr Trump said on Saturday that he was confident the bill would get passed by the U.S. July 4 Independence Day holiday.
“In fact, yeah, people that were, were going to vote for it are now enthusiastically going to vote for it, and we expect it to pass,” Mr Trump told NBC.
Republicans have strongly backed Mr Trump’s initiatives since he began his second term as president on January 20.
While some Republican lawmakers made comments to the news media expressing concern about some of Mr Trump’s choices, they had yet to vote down any of his policies or nominations.
Mr Musk deleted some social media posts critical of Mr Trump, including one that signalled support for impeaching the president, appearing to seek a de-escalation of their public feud which exploded on Thursday.
During his first term as president, the House, then controlled by Democrats, twice voted to impeach Mr Trump but the Senate both times acquitted him.
The White House and Mr Musk did not immediately respond to requests for comment on Saturday on the deleted posts.
People who have spoken to Mr Musk said his anger began to recede and they thought he would want to repair his relationship with Mr Trump.
One of the X posts that Mr Musk appeared to have deleted was a response to another user posting: “President vs Elon. Who wins? My money’s on Elon. Trump should be impeached and (Vice President) JD Vance should replace him.” Mr Musk had written “yes.”
On Theo Von’s “This Past Weekend” podcast – recorded on Thursday as the feud between Messrs Trump and Musk unfolded and released on Saturday – Mr Vance called Mr Musk’s criticism of Mr Trump a “huge mistake.”
“I’m always going to be loyal to the president, and I hope that eventually Elon kind of comes back into the fold. Maybe that’s not possible now because he’s gone so nuclear.
But I hope it is,” said Mr Vance, describing Mr Musk as an “incredible entrepreneur.”
Mr Trump is due to attend an Ultimate Fighting Championship fight card on Saturday in New Jersey.
Since his second election win, he has attended two previous UFC mixed martial arts fight cards with Mr Musk. Mr Musk is not expected to attend on Saturday.

Trump Says “Friendship With Musk Over
Mr Musk, the world’s richest man, bankrolled a large part of Mr Trump’s 2024 presidential campaign, spending nearly 300 million dollars in last year’s U.S. elections and taking credit for Republicans retaining a majority of seats in the House and retaking a majority in the Senate.
Mr Trump named Mr Musk to head an effort to downsize the federal workforce and slash spending, lauding him at the White House only about a week ago for his work as head of the Department of Government Efficiency.
Mr Musk cut only about half of one per cent of total spending, far short of his brash plans to axe two trillion dollars from the federal budget.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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