SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...

LAI MOHAMMED SIGNED A MOU YESTERDAY FOR THE PRODUCTION OF A GRAND BOOK ''PUBLICATION OF NIGERIA: OUR HERITAGE BOOK}.{PHOTOS}.

Image may contain: 3 people, people sitting               The Federal Ministry of Information and Culture yesterday Monday in Abuja signed a Memorandum of Understanding {MoU} with the Leadership/Folio Limited for the production of a Grand Book tiled ''Publication of Nigeria: Our Heritage Book {National Souvenir}''.
The Minister of Information and Culture,Alhaji Lai Mohammed,signed on behalf  of the ministry while the Chairman of Leadership Folio Limited,Mr Fidelis Anosike,signed for the production company.Speaking at the signing ceremony,the Minister described the Grand Book as a unique souvenir from Nigeria to the outside world.
''Going through the pictures,every page of this Grand Book is a delight.Every page of it is part of our history and what defines us as a unique country.As a matter of fact,you are not going to recognize some of these places are even in Nigeria.That's why I think there can be no greater gift from Nigeria to the outside world or ourselves than this Grand Book.We will strive as much as possible,at least in our ministry,to make this the official gift.We will try and persuade the presidency to also make this their official gift,'' he said.
Alhaji Mohammed said the production of the Grand Book has been captured in the ministry's budget for this year because of the high premium attached to the project.''We have had quite a lengthy negotiation.I have been involved in a lot of the negotiations myself.I personally went through the MoU and fortunately,at least this year,we did include in our budget the provision for this Grand Book,'' he said.
Alhaji Mohammed said the MoU spelt out the engagement between the ministry and the Leadership/Folio Limited,which involved setting up of a joint editorial team,the marketing strategy and the sharing formula of the proceeds of the book.In his remarks,Mr Anosike said the project was conceived five years ago in order to use information and culture to change the perception of Nigeria.
''Nigeria needs to tell its story and the driving force of this is what we call telling our stories ourselves.There is no consolidated compendium on Nigeria.We have done that research and we felt that we should be able to bring out the vision and come to the ministry that is the custodian to be able to partner to produce a book that we can use to change the perception about Nigeria,'' he said.
Mr Anosike thanked the Minister for driving the vision to fruition through what he called his rare commitment to the Nigeria Project.More photos below.
Image may contain: 1 person, standingImage may contain: 2 people, people sitting and indoorImage may contain: 3 people, people sittingImage may contain: 2 people, people standing

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