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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I CAN'T QUESTION BUHARI’S EXPENSES ON NIGER REPUBLIC- FINANCE MINISTER AS FG CONFIRMED THE PURCHASE OF N1.4B VEHICLES TO HELP NIGER TACKLE INSECURITY.(PHOTO).

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I Can't Question Buhari's Expenese On Niger Republic - Finance Minister 

The Federal Government has confirmed that it has purchased vehicles worth N1.4 billion to help Niger tackle insecurity.

The Minister of Finance, Budget, and National Planning, Zainab Ahmed gave the confirmation on Wednesday, explaining that providing intervention to the neighboring Niger Republic is not new and it is the prerogative of President Muhammadu Buhari who approved the purchase.

According to her, President Buhari, whose actions she cannot question, has the right to make his own assessment of situations and give directives accordingly.

She added that the financial support, which is primarily for the purpose of enhancing capacity to protect their territory, based on a request by the Nigerien Government, is also in the best interest of the country.

The minister, who was speaking after the Federal Executive Council (FEC) meeting presided over by the President, responded to questions regarding documents released on social media which showed that the president approved the release of the funds on February 22, 2022, for the Niger Republic.


 

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