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...

AMBODE,CANADIAN GOVERNOR GENERAL,PAYETTE TO OPEN NEW BIOSECURITY LAB IN LAGOS+FACILITY TO MITIGATE AGAINST POST-EBOLA THREATS.#PRESS RELEASE.

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       Lagos State Governor, Mr. Akinwunmi Ambode will on Tuesday join the Governor General of Canada, Rt Hon Julie Payette to inaugurate a new biosecurity laboratory in Lagos.
In a statement on Sunday, the Lagos State Government said the inauguration of the State Biobank, located at the Mainland Hospital in Yaba, where the isolation unit used by the State Government to contain the 2014 Ebola Virus Disease (EVD) outbreak was located.
According to the statement, the Laboratory, funded by Canada in partnership with the State Government, would serve as a single repository for all high-concentration pathogens in the State, adding that it would also help the State mitigate post-EVD threats and build capacity for prevention, detection and response to future outbreaks in Nigeria and West Africa.
It said the State’s Commissioner for Health, Dr. Jide Idris would also be part of the delegation to accompany Governor Ambode to receive Hon. Payette at the Muritala Muhammed International Airport and thereafter proceed to unveil the new facility.
According to the statement, after the inauguration of the Biosecurity Laboratory, the Canadian Governor General would also visit students participating in the CodeLagos computer literacy program.
“Her Excellency will visit Akande Dahunsi Memorial Senior High School to interact with students taking part in the CodeLagos program and talk to them about her background in informatics. During this time, members of the Canadian delegation will give presentations on their own experiences and careers in other classrooms,” the statement said.
The CodeLagos program, currently running in public and private schools in the State, is an initiative of the Lagos State Ministry of Education aimed at educating over one million residents for the future of work – by teaching how to write code and creatively solve problems.
The statement added that the August visitor would have a lunch discussion with members of the Lagos business community, where she would deliver brief opening remarks which would bring the business community together.
It said she would round off her visit with a reception for Arts and Culture Friends of Canada.
The statement further said that the reception would see her meet with individuals who have made and continued to make exceptional efforts in promoting and enhancing the Canada-Nigeria relationship, adding that it would provide an opportunity to celebrate the vitality of the arts and culture scene in Lagos.
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