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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THREE ABU LECTURERS GET CHINESE GOVT SCHOLARSHIP.(PHOTO).

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Three ABU Lecturers Get Chinese Govt Scholarship

Three academic staff at Department of Biochemistry in Ahmadu Bello University, Zaria, have been awarded scholarship by Chinese Government for PhD programme at Shenzhen Institute of Advanced Technology (SIAT), Chinese Academy of Sciences (CAS), China. 

They are Idris Zubairu Sadiq, Muhammad Auwal Saliu and Rabiatu Bako Suleiman.

They are among the 20 candidates that made the 2022 awardee list of Chinese Government Scholarship Silk Road Programme for International Students drawn from seven countries – Nigeria, Kenya, Yemen, Indonesia, Pakistan, Rwanda and Ethiopia. 

In a letter recently, Mrs. Rui Wang, Secretary, Centre for Protein and Cell-Based Drugs, Shenzhen Institute of Advanced Technology (SIAT), Chinese Academy of Sciences (CAS), informed Ahmadu Bello University of the release of final PhD admission list and the scholarship award to the three academic staff. 

Mrs. Wang, who described the admission process as “lengthy and rigorous”, explained that only three candidates were admitted out of the SIAT’s recommended seven students from ABU for the programme and award of scholarship. 

“This year’s admissions competition was tough, and we wish to express our gratitude to all of the applicants for giving it their all”, she said. 

The Secretary thanked the Vice-Chancellor and entire Management of Ahmadu Bello University for taking the first step in the collaboration between ABU and Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences, saying that they would look forward to expanding on the relationship. 

It would be recalled that a zoom meeting between Ahmadu Bello University and Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences took place in December last year, a development that eventually resulted in securing the PhD admission and scholarship award for the three academic staff. 

Vice-Chancellor, Prof. Kabiru Bala, led the ABU team at the zoom meeting that included Deputy Vice-Chancellor, Administration, Prof. Ahmed Doko Ibrahim; Head, Department of Computer Engineering, Prof. M.B. Mu’azu; and Head, Department of Microbiology, Prof. Maryam Aminu. 

The Vice-Chancellor, at the meeting, expressed gratitude to SIAT-CAS for the presentation on the “2022 SIAT International Student and Postdoc Program” and for inviting ABU Management to take advantage of the advertised open positions. 



 

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