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CC™ VideoSpective

Toxic Culture: Elon Musk's company directors are said to feel an 'expectation' to use drugs with him to avoid upsetting the billionaire

Elon Musk smokes weed on an episode of the Joe Rogan experience.

CC™ Business Interest

Katherine Tangalakis-Lippert 

Elon Musk is said to have created a culture of peer pressure among some of his friends and business associates that encourages them to use drugs with him, according to a new report from The Wall Street Journal that details how board members and directors of his various companies either participate in or enable his substance use to stay close to the billionaire.

The Journal reported that at parties in recent years, Musk had been spotted taking ketamine recreationally through a nasal spray and drinking liquid ecstasy from a water bottle, citing people who witnessed the drug use or were briefed about it.

Current and former Tesla and SpaceX directors and board members— some of whom have invested tens of millions of dollars in Musk's companies or have significant stock options tied to their roles —  had also used drugs with him, the Journal reported.

Sources told the Journal that the "volume" of Musk's drug use had created a culture wherein his closest business associates feared losing their wealth and social status by upsetting the billionaire if they refused to use drugs with him.

Musk, his lawyer Alex Spiro, and representatives for Tesla and SpaceX didn't immediately respond to requests for comment from Business Insider.

Following a January 6 report by The Journal that said the 52-year-old had used cocaine, LSD, ecstasy, and magic mushrooms over the years, Musk said in a post on X: "Whatever I'm doing, I should obviously keep doing it!"

After the January report, which could jeopardize Musk's security clearance as well as the billions of dollars of government contracts enjoyed by SpaceX as a defense contractor because of federal regulations on drug use, NASA said in a statement: "The agency does not have evidence of noncompliance from SpaceX on how the company addresses the drug- and alcohol-free workforce regulations."

Musk's reported drug use has been at the center of recent controversies after the Journal reported that a former director at Tesla was so concerned about Musk's drug use and unpredictable behavior that she chose not to stand for reelection to the electric-car company's board.

The Journal also reported that SpaceX executives worried Musk was on drugs during a "cringeworthy" all-hands meeting, in which the billionaire arrived nearly an hour late, rambling and slurring his words for about 15 minutes before the meeting was taken over by the spacecraft manufacturer's president.

Source: Business Insider

Nvidia founder Jensen Huang says he wishes ‘pain and suffering’ on Stanford students. Here’s why and what to learn from his rise

Commonwealth Magazine 

CC™ PerSpective

By Jing Pan

Words of wisdom from the self-made billionaire.

Thanks to investors' insatiable appetite for artificial intelligence, Nvidia (NVDA) — a key player in powering AI advancements — has become a market darling. The stock has skyrocketed, showing a 70% increase year to date and a staggering 1,749% return over the past five years.

The surge in Nvidia’s share price has significantly increased the wealth of its founder and CEO, Jensen Huang. According to Forbes, Huang now ranks as the 20th richest person in the world, with a net worth of $72.2 billion.

However, he didn’t begin his career in the billionaire club — far from it.

During a recent “View From The Top” interview at Stanford Graduate School of Business, Huang was asked why he created a flat organizational structure for his company. In his response, he reflected on his humble beginnings.

“To me, no task is beneath me because remember, I used to be a dishwasher, and I mean that, and I used to clean toilets. I mean, I cleaned a lot of toilets, I've cleaned more toilets than all of you combined, and some of them, you just can't unsee,” he said.

Huang’s light-hearted remark elicited laughter from the audience.

He continued, “I don't know what to tell you, that's life, and so you can't show me a task that's beneath me.”

Huang emphasizes his willingness to help others by sharing his approach to problem-solving. He states that his assistance is not about whether a task is beneath him but about being of service: by demonstrating his reasoning process on various challenges — whether they're ambiguous, incalculable, or seemingly daunting — he empowers others.

Resilience matters

Huang doesn’t hesitate to make bold statements. During another Stanford event, he made some intriguing remarks about expectations, pain and suffering.

Speaking at the Stanford Institute for Economic Policy Research last month, Huang was asked what advice he’d give to students to enhance their chances of success.

Rather than prescribing specific actions, he shared this insight: "One of my great advantages is that I have very low expectations."

Huang went on to note that low expectations aren’t typical among Stanford graduates — even though he himself is an alumnus.

“Most Stanford graduates have very high expectations, and you deserve to have high expectations because you came from a great school. You were very successful. You were top of your class. Obviously, you were able to pay for tuition. And then you’re graduating from one of the finest institutions on the planet. You’re surrounded by other kids that are just incredible,” he elaborated.

However, Huang highlighted a significant drawback to this mindset, stating, “People with very high expectations have very low resilience. And unfortunately, resilience matters in success.”

‘I hope suffering happens to you’

Huang believes that the ability to endure setbacks and suffering is crucial for success. However, he’s unsure how to effectively teach this resilience to students — it may be something they need to experience firsthand.

“I don’t know how to teach it to you except that I hope suffering happens to you,” he said.

He shared that, although he grew up in an environment that fostered success, he also faced many challenges. Within his company, he uses the term "pain and suffering" with glee, seeing such challenges as opportunities to strengthen and refine the character of the organization.

For Huang, true greatness in individuals comes from character, not intelligence, and character is shaped by experiences of adversity.

“And so if I could wish upon you — I don’t know how to do it — but for all of you Stanford students, I’d wish upon you ample doses of pain and suffering,” he said.

Put simply: no pain, no gain.

MONEYWISE

About the Author

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Diamond-rich Botswana Appoints Nigerian as Chairman of Multi-billion-dollar Sovereign Wealth Fund

CC™ Global News

By Eromosole Abiodun

Chairman of Nigeria’s second oldest bank, Union Bank Plc, Mr. Farouk Gumel, has been appointed by the President of Botswana, His Excellency Advocate Duma Gideon Boko as the Chairman Board of Directors of the Botswana Sovereign Wealth Fund Limited.Gumel is currently the Vice Chairman of Tropical General Investments (TGI) Group and immediate past Chairman of the Nigerian Sovereign Investment Authority (NSIA).

The announcement was made at the official launch of the new multi-billion-dollar Sovereign Wealth Fund at the President’s office in Gabarone, Botswana.In a statement, President Boko underscored the significance of this step, placing it at the heart of his government’s vision for economic diversification and long-term resilience:According to him, “The launch of the Botswana Sovereign Wealth Fund represents an investment in the future of our country. It is about creating jobs, driving growth, and ensuring that our nation’s wealth works for all Batswana.“This is a foundation upon which we will diversify our economy, open new frontiers of opportunity, and build lasting prosperity for future generations. 

We are sending a message to the world that Botswana is ready to compete, invest, and lead.”The BSWF, he stated, is designed to reduce the nation’s historical reliance on diamond mining by channeling resource revenues into strategic investments across diverse sectors such as infrastructure, technology, healthcare, and renewable energy. It is believed the fund will be amongst the largest in Africa.“Farouk Gumel will chair a deeply experienced and diverse board selected to provide comprehensive and strategic oversight. The board’s composition reflects a powerful blend of local expertise and global vision, uniting key national and international figures,” he said.The Vice Chairperson of the Board is Ms. Emmah Peloetletse who is currently the Head of Service to the Government of Botswana as well as Secretary to the President and Cabinet of Botswana. Ms. Peloetletse is also the Chairperson of Debswana, the world’s largest diamond mining company.

Other members of the board include Ms. Malebogo Mpugwa, Chief People Officer at De Beers Group, the world’s leading diamond company; Mr. Anil Dua, Co-founder of Gateway Partners and Non-Executive Director of Afreximbank; and Mr. Boingotlo Toteng, Senior Managing Partner of Toteng & Company and Legal Advisor on Presidential Affairs.Others include Mr. Sunil Sabharwal, former U.S. Executive Director to the IMF; Mr. Lesego Caster Moseki, Deputy Governor of the Bank of Botswana; and Mr. Rizwan Desai, Managing Partner of Desai Law Group and former Chairman of the Botswana Stock Exchange.“Together, this board represents a powerful blend of national leadership, international investment expertise, and corporate governance experience, ensuring the fund is equipped with both global insight and local depth.“In his role as Chairman, Mr. Gumel will lead the board in setting the fund’s investment strategy, governance framework, and risk management policies. 

His extensive experience at the NSIA, capital markets and manufacturing will be instrumental in guiding the BSWF towards achieving its dual mandate of financial returns and positive national impact,” the president said.Upon his appointment, Farouk Gumel stated: “As a sovereign wealth fund, we are setting our sights on a future built on transparency, good governance, and a steadfast dedication to Botswana’s prosperity.“The Board is committed to delivering lasting value, seeking global opportunities and investing for the future. 

”The launch of the fund and the appointments of this highly qualified board have been met with widespread acclaim from economic analysts, who see it as a signal of Botswana’s serious commitment to prudent fiscal management and attracting top-tier global investment expertise.Farouk is a Group Executive Director and Vice Chairman, Africa for Tropical General Investment (TGI) Group.TGI is a global conglomerate operating in 13 countries across Africa, the Middle East and Asia in various business verticals such as Food and Agribusiness, FMCG, Chemicals & Pharmaceuticals and Financial Services.Farouk is Chairman of some of the TGI Group companies including WACOT Rice and Union Bank – Nigeria’s second oldest bank.He was also the Chairman of the Nigeria Sovereign Investment Authority (NSIA) and sits on the boards of Corporate Council on Africa and Africa Business Coalition on Health.

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China must come to Africa on our terms - Zimbabwe's Deputy PM

Arthur Mutambara

CC GLOBAL BUSINESS DESK

Africa is duty bound to realize it needs to put across its specific conditions when striking transactions with China, Zimbabwe’s former deputy prime minister has asserted. 

Arthur Mutambara urged the continent to cease accusing Beijing, apartheid or colonialism for its distresses.

Mutambara said it is about time that Africa puts an end to always taking a “romantic view” of China because it has developed from a “comrade in poverty” to an international enterprise and economic behemoth.

“Why are we not making sure the engagement with China is on our terms, as Africans? Labor skills, technology, value addition,” he posited to delegates at a China-Africa conference.

“The Chinese must come to Africa on African terms. The terms that will allow the Chinese to make money but the terms that will also allow Africa to develop, win-win. China wins, Africa wins.”

He declared that Africa now had been rather fragmented for many decades and it should not degenerate into trying to find excuses all the time for its sluggish development.

“Africans must not blame China or any other power for that matter. We must take charge of our lives, we must take responsibility for our problems and solve them,” he reportedly told delegates at the conference.

“Yes there are things we can trace back to apartheid, to colonialism, but we must take charge of our lives and not justify incompetence by talking about apartheid, colonialism.”

Recently, South Africa has been embroiled in a fierce debate on whether – decades on – apartheid can still be blamed for current government policy shortcomings.

First global streaming platform dedicated to Nollywood ‘KAVA’ debuts in Nigeria

CC™ News

By Ifeoma Okeke-Korieocha

In a landmark moment for African entertainment, the world’s first dedicated Nollywood streaming platform was unveiled on Thursday, ushering in a bold era for Nigeria’s film industry and for African creators everywhere.

Nollywood is the second-largest film industry in the world, yet its stories have long been underrepresented on global platforms. As demand for authentic African content continues to rise, especially among diaspora audiences, KAVA was born from a shared mission: to amplify African storytelling and create a permanent, global home for content that reflects the culture, identity, and lived experiences of its people. By combining cutting-edge technology with a powerful purpose, it offers more than entertainment—it offers recognition, connection, and a platform where African stories are seen, celebrated, and preserved.

Powered by two industry titans – Inkblot Studios, one of Nigeria’s leading studios and the first to secure landmark streaming deals with Amazon Prime and Netflix in Africa, and Filmhouse Group, home to West Africa’s largest cinema chain (Filmhouse Cinemas), its leading distribution arm (FilmOne Entertainment), and production powerhouse (FilmOne Studios) – Kava is built on a foundation of deep expertise in cinema exhibition, content production, and global distribution. Together, these forces are united by a shared mission and a united vision for Nollywood’s future.

Launching with over 30 premium Nollywood titles, in partnership with creators across Nigeria and the diaspora, including exclusive post-theatrical releases, and a handpicked selection of Nigeria’s most iconic and compelling stories. New content will be added weekly, offering viewers a consistent stream of fresh, cinema-quality entertainment.

Viewers will find films across every genre: drama, romance, comedy, epic, thriller and more, reflecting the rich range of African storytelling and spotlighting creators across Nigeria and the diaspora.

Chinaza Onuzo, CEO of KAVA said: “KAVA is where cutting-edge technology meets cultural storytelling. We’ve built a world-class digital platform tailored to showcase the richness of Nollywood. For creators, it’s a new economy. One that truly champions and reflects who we are – as Africans, as artists, and as a people with stories that matter.”

Kene Okwuosa, CEO of KAVA said: “This is more than a platform – it’s an ecosystem for African content, focusing on underserved global demand. KAVA exists to serve audiences and also represents both a cultural leap and a commercial opportunity. We’re not just streaming films – we’re building the digital infrastructure for the future of African cinema. We want our audiences to feel the joy of seeing their language, their humour, their struggles and triumphs on screen. To feel seen, and like they’re part of something bigger”

KAVA will be available for subscription globally late August 2025. The service will be accessible on mobiles, tablets, and Smart TVs. Viewers can sign up for additional information and access to the platform at launch in August. Early sign ups will benefit from launch day discounts.

KAVA is a global streaming platform dedicated to celebrating Nollywood and African storytelling. With a curated selection of films, original content, and interactive features, KAVA connects African cinema to global audiences while empowering creators through transparency, access, and fair revenue models.

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CC™ Investigative: The Northern "usual suspects" behind Boko Haram as Nigerians search for answers to the violent insurgency

CC™ Investigative

By Tayo Busari

When then National Security Adviser, late Rtd. General Andrew Owoye Azazi  blamed the rise of insurgence by the fundamentalist sect, Boko Haram in the country on the internal wranglings of the ruling People’s Democratic Party (PDP) and other political parties, he naturally made many in the corridors of power uncomfortable, at the time.

Not surprisingly and rather mysteriously, he was "killed" when his helicopter exploded over the skies of Bayelsa State after having been let-go by then President Goodluck Jonathan.

The late General Azazi (shown below) was obviously privy to information regarding the real details behind Boko Haram. His position as the National Security Adviser at the time, put him at the head of that information. If anyone were to be in the know regarding the real truth behind the upsurge in the Islamic sect's violent insurgence, it had to be someone like Azazi as the nations top security head.

Former President Goodluck Jonathan had on several occasions admitted that they knew who was behind Boko Haram, and these were top level officials, mostly of Northern extraction.

Gen. Azazi explicitly declared to his audience, who was behind the unrest. He narrowed it down to the result of ‘unconstitutional’ PDP convention regulations, which determined who could run for President vs who could not run.

He went on further:

"The extent of violence did not increase in Nigeria until there was a declaration by the current president that he was going to contest. PDP got it wrong from the beginning, from the on-set by saying Mr A can rule, Mr A cannot rule, Mr B can rule, Mr B cannot rule, according to PDP’s convention, rules and regulation and not according to the constitution {applause} and that created the climate for what has manifest itself, this way. I believe that there is some element of politicization. is it possible that somebody was thinking that only Mr. A could win, and if he did not win, there will be problems in this society. Let’s examine all these issues to see whether the level of violence in the North East just escalated because Boko Haram suddenly became better trained, better equipped and better funded, and in any case how did they get it all done…{warning of Boko Haram becoming snipers – who could potentially target elite}
But, then I must also be quick to point out that today, even if all the leaders that we know in Boko Haram are arrested, I don’t think the problem would end, because there are tentacles. I don’t think that people would be satisfied, because the situations that created the problems are not just about the religion, poverty or the desire to rule Nigeria. I think it’s a combination of everything. Except you address all those things comprehensively, it would not work."

Intelligence sources have informed CC™ that although former President Jonathan knew (and still knows) exactly who the sponsors of Boko Haram are, he lacked the courage and political will to bring them to task as the "usual suspects" were actually aligned with Jonathan on ensuring that he got re-elected in the 2015 elections as long as he (Jonathan) "played ball".

One name did however stand out of the three "usual suspects" CC™ was able to gather credible information about. It was that of then Minister of Defense, Rtd. General Aliyu Mohammed Gusau. 

Gusau was always an ambitious man and those who know him very well not only say he is very "loyal", but they also pointed to a rather glaring trail in his professional dossier - he (Gusau) had always been in the "thick of the action" in just about every administration in Nigeria, from Babangida (a serial coup plotter himself) to Jonathan.

However, one thing always stood out, more-so in the administration of Nigerian Christian leaders from the South, namely Obasanjo and Jonathan; there was always insecurity of a religious nature that he (Gusau) although placed in charge of managing, had seemingly always found a way to allow spiral out of control. 

Gusau's history with Boko Haram is a rather interesting one. According to  TheNationOnline, 01/01/2012, "hardline allies of Jonathan’s went further, suggesting that northern rivals within the PDP – such as Generals Ibrahim Babangida and Aliyu Mohammed Gusau – have covert ties to Boko Haram." Ironically, Jonathan however continued to have the ear and vice-versa of Ibrahim Babangida and Aliyu Gusau.

Earlier as the NSA under former President Olusegun Obasanjo, Gusau had told Obasanjo that "there was no evidence of such a group as Boko Haram in 2006 although there had been evidence to the contrary as far back as 2005. 

Here is an excerpt:

PMNews, September 14, 2011: Sources, however, indicated that the Azazi’s predecessor as NSA cannot be absolved of blame. It was gathered that the the issue of al-Qaeda affiliated cells in the North-East part of the country was pointed out to former President Olusegun Obasanjo as far back as 2006. It was noted for instance that Boko Haram, termed the “Nigerian Taliban”, had been operating in the clear since 2005 when General Aliyu Gusau (rtd.) was NSA. The former president was said to have in turn asked Gusau to investigate the issue. But Gusau, according to reports, told Obasanjo that no such group existed in the country.It was gathered that the same issue of Taliban presence in Nigeria was raised with the late President Umaru Yar’Adua in July 2007. “Goodluck Jonathan became President of Nigeria upon the death of Umaru Yar’Adua in May 2010. Former NSA Aliyu Mohammed Gusau was once again made National Security Adviser. Gusau could not possibly have missed the threat of Boko Haram. If his security operatives failed to raise the matter in their reports then the public statements released by Boko Haram and printed verbatim in Nigeria’s national newspapers should have raised questions from the NSA, if not alarm,” said Steven Davis, a public commentator. “The handling of the Boko Haram matter while Gusau was NSA resulted in a dramatic escalation in the conflict to the stage that it threatened the nation’s security,” he added.

Many media articles accused Aliyu Mohammed Gusau et al of being the terror mastermind(s) behind Boko Haram. 

An arms cache at the time in Kano with Hezbollah agents was linked to him and according to sources, he was under investigation with the result once again swept under the rug. 

It was under Gusau as NSA that Boko Haram acquired all their weapons and reigned terror. Gusau did nothing to check these terrorists. He even, according to Steven Davis as reported in PM News on Sept. 14, 2011, protected Boko Haram by telling then President Obasanjo that the group did not exist. 

This, despite series of attacks by the group. Gusau did not make any security report on the group, then called “Nigerian Taliban,” the paper alleges and Gusau even ordered the release of captured terrorists on the request of some Northern leaders, namely the Sultan of Sokoto, Muhammadu Sa'ad Abubakar III, a former security detail of former dictator, Rtd. General Ibrahim Babangida. 

This is not surprising as Sultan Abubakar is on record as having condemned the crackdown on Boko Haram.

In his capacity as NSA (three times to be precise) in Nigeria’s history, Gusau failed woefully and invariably assisted Boko Haram in becoming the menace they now are, with hundreds of thousands of deaths to their credit to date.

It remains puzzling that Jonathan appointed a man who actually retired as NSA to contest for the Nigerian Presidency against him (Jonathan), as Defense Minister when everything pointed to the fact that Gusau, in addition to being grossly inept (as his record had shown), had a history of being "soft" in his response to Islamic militant insurgencies in the past and was therefore not the logical answer to ensuring the outright defeat of Boko Haram.

Gusau and his Northern mischief makers, who are nothing short of avaricious predators, are now witnessing the proverbial chicken coming home to roost, with the recent trend of events.

The fact remains that Northern feudalism and its staunch protagonists remain the secret hands behind Boko Haram, the Fulani Herdsmen terrorists and all Islamic fundamentalist movements. Former President Buhari, the Sultan of Sokoto, Muhammad Sa’ad Abubakar, and Nasir El-Rufai, just to name a few, were the most recent ‘incumbent’ facilitators of these violent and murderous terrorists. That is a fact!

Asking the thief to watch the house was essentially what Nigerians were doing, by expecting the Buhari administration to safeguard the lives and property of Nigerians.

The soft response (born out of parochial mischief) of the Buhari administration to the menace of the Fulani and Islamic terrorists, while at the same time engaging in extra-judicial killings of IPOB members in the South-East of Nigeria, was evidence of a clandestine acquiescence to the activities of the Northern terrorists by the Buhari government.