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. SOLUDO INAUGURATES HOSTEL DONATED BY FOUNDATION AT COMMUNITY HIGH SCHOOL AKWAEZE. (PHOTOS)#PRESS RELEASE.

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Gov. Soludo inaugurates hostel donated by foundation at Community High School Akwaeze

By Ginika Oguji

The Anambra State Governor, Prof. Chukwuma Soludo, has inaugurated a 250-bed capacity female hostel in Community High School, Akwaeze, Anaocha Local Government Area (LGA).

The project was bankrolled and donated to the school by Chief Ikenna Okafor, Founder of Nzekwuabuo Foundation, a Non Governmental Organization (NGO).

The governor during the inauguration also laid the foundation stone of the male hostel, and inspected the equipped science laboratories, an e-library, a multi-purpose hall, an ICT hub and a 60 KVA diesel-powered generator also donated by the foundation to the school.

He commended Chief Okafor for the initiatives, describing him as a great son of the soil, who is not just a blessing to the people of Akwaeze town but to the entire Anambra State.

``We have come to celebrate you while you are still alive because you are living a life with purpose," he said.

The governor spoke on school adoption by well-meaning Ndi Anambra, stressing that the initiative would contribute greatly in strengthening the education sector of the state.

Earlier, during the breaking of kolanut, the Traditional Ruler of Akwaeze Town, Igwe Christopher Okpala, thanked God for the gift from Chief Okafor, calling on other citizens to emulate such initiative.

The Igwe called on Ndi Anambra to continue their support for the present administration in the state by promptly paying their taxes and other designated rates regularly. 

The Transition Committee Chairman, Anaocha LGA,  Mr Ikechukwu Ozoh while taking delivery of a security vehicle donated to the local government by the foundation lauded the developmental contributions of Chief Okafor through his foundation. (MOI).
More photos below. 






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