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...

TERRORISTS FROM MALI, NIGER IMPOSING TAX ON NIGERIAN FARMERS.(PHOTO).


Terrorists from Mali, Niger imposing tax on Nigerian farmers

13th Jul 2023 

Member representing Ideato South and North seat federal constituency of Imo State, Hon. Ikenga Ikeagwuonu Ugochinyere has said that it was worrisome to have terrorists from the neighbouring African countries imposing taxes on Nigerian farmers. 

It will be recalled that the House of Representatives was through a motion at Wednesday plenary told of how terrorists from Mali and Niger were terrorizing farmers from Sokoto State.

Reacting to the statement, Ugochinyere said that such was a threat to the sovereignty of Nigeria.

He however expressed optimism that the current administration led by President Bola Ahmed Tinubu will flush the criminals out.

“It’s worrisome and it threatens our sovereignty as a nation. Just as the House resolved, it requires urgent attention. Our security agencies need to re-strategize to flush out criminals and terrorists. With the resolve and commitment of the present administration, I have not doubt that soon, they will be defeated”, he said. 

 

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