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...
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RIDERS PERMIT IS NOT NATIONAL DRIVERS LICENSE-FRSC.#PRESS RELEASE.

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      Owing to the growing rate at which tricycle and motorcycle operators mistake Riders Permit issued in their respective states for the National Drivers License (NDL), the Federal Road Safety Corps has clarified that they are two different documents and permit can never be used in the place of the NDL.
According to the Corps Public Education Officer, Bisi Kazeem, the NDL is a national security document that embodies drivers information as contained in the national drivers database.
All over the world, Drivers License is the only document that gives a trained, qualified and certified driver the right to drive on the road and Nigeria, having successfully acceded to the six United Nations Conventions cannot operate in contrast to global best practice in that regard.
The idea behind NDL is to ensure that every driver on the road have their information captured in the database, for the enhancement of security of all road users and for intelligence gathering among the law enforcement agencies. The relevance of the document not only as a means of identification cannot be overemphasized.
The Corps Marshal, Dr Boboye Oyeyemi wishes to caution all operators who patronise drivers permit as an alternative for the national drivers license to desist from such henceforth to avoid arrest and penalties.This platform is to sensitise all motorcycle and tricycle operators who hitherto did not know the difference between the NDL and the Drivers Permit to ensure that they go ahead to procure their licenses as violators will be penalised.
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