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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INEC: ONOCHIE'S REJECTION AT SENATE IS VICTORY FOR NIGERIANS,DEMOCRACY-PDP.{PHOTO}.#PRESS RELEASE.

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July 13, 2021


Press Statement 


INEC: Onochie’s Rejection At Senate Is Victory For Nigerians, Democracy- PDP


The Peoples Democratic Party (PDP) describes the Senate’s rejection of President Muhammadu Buhari’s nomination of his aide and All Progressives Congress (APC) chieftain, Lauretta Onochie, as a national commissioner in the Independent National Electoral Commission (INEC), as the triumph of the Nigerian people over the barefaced attempt by the Buhari led-APC administration to corrupt and hijack the commission ahead of 2023 elections.


The PDP asserts that the rejection of Lauretta Onochie by Nigerians has saved the nation from very serious crisis as well as salvaged INEC and the entire Nigerian electoral process from a ruinous pollution that would have led to the collapse of our democratic order.


The party asserts that Onochie’s vexatious nomination, in total affront to paragraph 14 of the 3rd schedule of the 1999 Constitution (as amended), was a very dangerous machination by the Buhari-led APC Presidency against our electoral process, in the attempt to subvert the will of the people in the 2023 elections.


The APC, in spite of its shenanigans, is aware that it will have difficulties winning election at any level in a free, fair and credible election and as such it is determined to rig every process ahead of the 2023 elections.


Our party, therefore, commends Nigerians including civil society organizations, the media as well as other political parties, for joining forces with the PDP in fighting for the sanctity of our electoral process by resisting Onochie’s nomination.


The stiff resistance displayed by Nigerians across board, in repelling this vicious attempt to hijack and pollute the electoral commission, underscores their collective and unwavering determination to resist and kick out the APC in 2023, despite its shenanigans.


The PDP urges Nigerians not to rest on their oars but to continue in this spirit in fighting for our democracy, particularly in further resisting the attempt to alter the Electoral Act to prohibit direct electronic transmission of elections results from polling units.


It is clear that the APC is pushing for the prohibition of electronic transmission of results because it seeks to use its usual malpractices alteration of figures, switching of results as well as disappearance of ballot materials while on transit to collation centers to, again, subvert the will of the people and manipulate its hold on power in 2023.


Our party, standing shoulder to shoulder with the Nigerian people, will use every means available and permissible under our laws to ensure that such provision that seeks to institutionalize and endorse rigging is not allowed to pass.


The PDP therefore counsels the APC to read the handwriting on the wall and know that Nigerians are ready and waiting to resist them at any turn ahead of the 2023 election.


Signed:


Kola Ologbondiyan

National Publicity Secretary

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