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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LASG ANNOUNCES TWO-HOUR TRAFFIC DIVERSION AT IYANA ISOLO OVERHEAD BRIDGE.(PHOTO).#PRESS RELEASE

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LASG ANNOUNCES TWO-HOUR TRAFFIC DIVERSION AT IYANA ISOLO OVERHEAD BRIDGE


The Lagos State Government has announced that traffic will be diverted at the Iyana-Isolo overhead bridge between 7:00 am and 9:00 am on Sunday, 10th December 2023, to enable the Federal Ministry of Works to investigate the level of deterioration of the overhead bridge.

Consequently, Motorists are advised to avoid this part of the highway on the stated date by making use of the following alternative routes:

1. Motorists from Mushin en route Isolo through Daleko are to use Ijeshatedo to connect Cele Roundabout, access Cele Bridge to Okota Road, link Mushin Road and continue their journeys.

2. Motorists from Isolo enroute Mushin through Daleko Bridge are to use Mushin Road to access Osolo Way to link Airport Road to connect Oshodi to reach their various destinations.

It should be noted that the Oshodi-Apapa Expressway where the bridge is located will be open to Motorists during the Two-hour closure.

While soliciting the understanding and cooperation of Motorists, the State Government added that Traffic Management and Security Personnel will be deployed to manage traffic flow and minimise inconveniences.

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