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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17,000 CIVIL SERVANTS ALLEGEDLY DELISTED FROM IPPIS. (PHOTO).

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17,000 Civil Servants Allegedly Delisted From IPPIS

Association of Senior Civil Servants of Nigeria (ASCSN) has reassured over 17,000 of its members who were reportedly delisted from the Federal Government’s payroll under the Integrated Payroll and Personnel Information System (IPPIS) to remain calm

The association urged affected civil servants that measures were underway to resolve the situation.

News of the delisting from the IPPIS portal, stemming from their alleged failure to comply with verification exercises spanning over five years, had caused apprehension.

In response to these developments, the National President of ASCSN, Comrade Okon alleged discrepancies in the IPPIS verification process and said that the portal contained names of “personal assistants, special advisers, and, in some cases, ministers who had served in successive governments.”

Comrade Okon told newsmen in Abuja on Wednesday that the verification had occurred five years ago and expressed disappointment that some members, who are genuine civil servants, claimed ignorance of the exercise during its duration.

However, Comrade Okon assured that the association’s leadership had taken action.

He called on those with legitimate complaints, particularly those who had previously completed the online verification on the IPPIS portal, to submit scanned copies of their documents.

The office of the Head of Civil Service of the Federation has granted a one-week grace period for affected employees who were mistakenly omitted from the IPPIS portal to submit their documents for updating.

Comrade Okon also appealed to the head of service to consider extending the one-week deadline saying the process could be rigorous, adding that an extension would be a magnanimous gesture on the government’s part.

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