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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PRESIDENT BUHARI SIGNS EXECUTIVE ORDER 009 ON THE OPEN DEFECATION-FREE NIGERIA BY 2025.#PRESS RELEASE.

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      President Muhammadu Buhari Wednesday signed Executive Order 009 entitled, The Open Defecation-Free Nigeria by 2025 and Other Related Matters Order.
The Order declares as follows:
1. That by this Order, Nigeria is committed to being open defecation free by 2025.
2. That the National Open Defecation Free (ODF) Roadmap developed by the Federal Ministry of Water Resources with support from other key sector players across Nigeria be put into effect.
3. a. There is established in the Federal Ministry of Water Resources a National Secretariat called “Clean Nigeria Campaign Secretariat”.
b. The Secretariat is authorized on behalf of the President to implement this Order by ensuring that all public places including schools, hotels, fuel stations, places of worship, market places, hospitals and offices have accessible toilets and latrines within their premises.
4. All Ministries, Departments and Agencies (MDAs) of government shall cooperate with the Clean Nigeria Campaign Secretariat.
5. The National Assembly and the State Houses of Assembly shall enact legislation on the practice of open defecation with appropriate sanctions and penalties.
6. All development projects shall include construction of sanitation facilities as an integral part of the approval and implementation process.
7. The Secretariat shall terminate when Nigeria is declared Open Defecation Free.
8. All enforcement authorities are hereby directed to diligently collaborate with the Federal Ministry of Water Resources in implementing this Order.
The Executive Order 009 came into being against the background that:
Nigeria is ranked second amongst the nations in the world with the highest number of people practicing open defecation estimated at over 46 million people – a practice which has had a negative effect on the populace, and has contributed to the country’s failure to meet the United Nations Millennium Development Goals (MDGs);
President Buhari had described the statistics on open defecation and access to pipe borne water service and sanitation as disturbing, and had declared commitment to implement the National Water Supply, Sanitation and Hygiene (WASH) Action Plan;
The President had declared a State of Emergency on Nigeria’s water supply, sanitation and hygiene sector, the action being imperative as it will reduce the high prevalence of water borne diseases in different parts of the country which have caused preventable deaths;
Nigeria has committed to end open defecation throughout the country by 2025 in consonance with her commitment to the United Nations Sustainable Development Goals (SDGs);
This Executive Order takes effect from Wednesday, November 20, 2019.

Femi Adesina
Special Adviser to the President
(Media & Publicity)
November 20, 2019.
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