In a whirlwind of Tinubu’s government fake information, global shipping giant, Maersk found itself at the center of a financial storm, losing nearly $1 billion, almost 4% of its market capitalization within a span of just 12 hours.
The situation ensued after false claims surfaced from Bayo Onuguga, special adviser on information and strategy to Bola Ahmed Tinubu, known for disseminating misinformation and propaganda, posted about a $600 million investment in seaport infrastructure from A.P. Moller-Maersk.
Moreover, it erroneously claimed that this investment was secured during a meeting between Bola Tinubu and Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum gathering in Saudi Arabia.
Meanwhile, Maersk via Lloyd’s List which is the most authoritative voice in shipping news, published, “Chairman Robert Uggla met Bola Ahmed Tinubu over the weekend, but no new investment was signed.”
Prompt action was taken to counter the misleading narrative, by swiftly denouncing the fictitious investment claims attributed to Nigeria. This resulted to Onuguga rapidly deleting the false tweet.
Despite these efforts, it continues to grapple with the aftermath, as its stock price struggles to regain lost ground and stabilize back to its pre-crisis valuation.
