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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ANGRY YOUTHS PROTEST IN ONITSHA AGAINST 'OGA' WHO AFTER 9 YEARS OF APPRENTICESHIP 'SETTLED' HIS 'BOI-BOI' WITH ONLY N100,000. (VIDEO)).

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Angry Youths Protest In Onitsha Against ‘Oga’ Who After 9 Years Of Apprenticeship ‘Settled’ His ‘Boi-Boi’ With Only N100,000



Some youths, comprising traders and apprentices at the International Electrical Market, Obosi/Onitsha, Anambra state on Saturday, 29th January, 2022, protested against a man (name withheld), known in market parlance as ‘Oga’, who could only ‘settle’ his apprentice (Boi-Boi) of nine years with the sum of one hundred thousand naira only. 


The youths protested in front of the man’s shop chanting ‘enough is enough, the revolution has started’, demanding that he treats his apprentice fairly, saying that the apprentice served the man very well. 


The Igbo apprenticeship scheme (Igba-Boi) is a unique entrepreneurial model practiced mainly by Ndigbo. An entrepreneur takes under tutelage an apprentice, and teaches him or her the rudiments of a particular trade for an agreed period. On completion, the entrepreneur gives the apprentice seed capital.


However abuses have been noted in the system which according to Chief Uche Nworah, Ph.D , Managing Director and Chief Executive Officer of Anambra Broadcasting Service (ABS), is the reason ABS and Awka Chamber of Commerce, Industry, Mines and Agriculture (AWKACCIMA) are partnering to convene a national summit on Igbo apprenticeship. The summit which will hold on the 9th of March, 2022, at the Hilton Leisure Hotel, Regina Caeli road, Awka, and themed ‘Repositioning Igbo Apprenticeship Scheme (Igba -Boi) For Sustainable Economic Development’. 


High Chief Dr. Obiora Okonkwo, Chairman of United Nigeria Airlines, will be the keynote speaker, and a panel of discussants will X-ray the Igbo apprenticeship scheme, bring out the positives while also recommending areas that should be improved upon for the scheme to continue to be relevant in the 21st century. 

Watch video below.




 

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