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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LAGOS SET TO DIGITISE LAND DOCUMENT PROCESSING.(PHOTO).#PRESS RELEASE.

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LAGOS SET TO DIGITISE LAND DOCUMENT PROCESSING   


Lagos State Government has said that the process of digitising all land documents in the State is ongoing such that when completed, interested persons in property acquisition or real estate transactions can access information on government portals relating to properties and land in Lagos State from anywhere in the world. 

The Special Adviser to the Lagos State Governor on Electronic Geographic Information System (E-GIS) and Physical Planning, Dr. Olajide Babatunde, disclosed this during a panel discussion on Deploying Technology for Transparency and Growth of the Lagos Real Estate Market at just concluded Third Lagos Real Estate Market Place Conference and Exhibitions held at Victoria Island on Tuesday.  

He said that transactions in the Real Estate sector require transparency such that an effective and sustainable platform can be created for local and foreign investors to actively participate in the sector.  

In his contribution, Permanent Secretary, Lands Bureau, Mr. Olabode Agoro said that the registration of individuals and organisations by LASRERA is to make sure that only qualified and certified practitioners are allowed to practice in the State’s real estate sector.  

He explained that E-GIS is an advanced database system that distributes information across a network of systems, adding that the digitisation system will capture accurate data for efficiency.  

The moderator of the panel, President and Founder, Nigerian Proptech Association, Dr. Roland Igbinoba remarked that GIS is critical for the development and transparency in the real estate sector. 


 

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