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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GOV. SANWO - OLU APPROVES APPOINTMENT OF NEW PERMANENT SECRETARIES.[PHOTO].#PRESS RELEASE.

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The Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has approved the appointment of seven new Permanent Secretaries in the Lagos State Public Service with immediate effect.  


A statement released by the Lagos State Head of Service, Mr. Hakeem Muri-Okunola, explained that the appointees were drawn mainly from the pool of qualified candidates, following the rigorous screening exercise of substantive Directors, which spanned over two months from November - December 2020, culminating in Mr. Governor’s final one-on-one interview of eligible candidates.


Muri-Okunola expressed confidence that the new appointees possess the qualities, competence and experience required to serve as Permanent Secretary in the Lagos State Public Service.


He further noted that the deployment posts of the newly appointed Permanent Secretaries will be announced in due course.


The appointees are:


 

S/N


NAME


PREVIOUS DEPLOYMENT


i


EMOKPAE Olatokunbo


Director Fisheries, Ministry of Agriculture


ii


OKE-OSANYINTOLU Zainab Oluwatoyin


Director Pharmaceutical Services, Ministry of Health


iii


BOLARINWA, Kikelomo


Director Establishments, Office of Establishment & Training


iv


SANUSI, Rukayat Alake


Director Administration & Human Resource, Debt Management Office


v


ABOLAJI, Abayomi


Director of Education, Lagos State Technical & Vocational Education Board


vi


SALAMI, Olubukola


Executive Secretary, Judicial Service Commission


vii


Engr. Femi DARAMOLA


General Manager, Public Works Corporation MoW&I

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