SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

-
Image
 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...
Post a Comment

RIVERS ASSEMBLY OVERRIDES GOVERNOR FUBARA'S ASSENT TO FOUR BILLS.(PHOTOS).

-



RIVERS ASSEMBLY OVERRIDES GOVERNOR FUBARA'S ASSENT TO FOUR BILLS



... Promises to Strengthen Democratic Institutions in the State


The Rivers State House of Assembly, on Friday, at its 99th Legislative Sitting, has overridden the assent of the Governor to four Bills which were earlier passed  and sent to Governor Siminialayi Fubara for his assent.


The House took the decision to override the Governor's assent after the Governor withheld his assent to the four Bills via letters to the House, which were read on the floor of the House; stating that such amendments would create confusion and breach constitutional provisions.


Remarking on the Rivers State House of Assembly Fund Management Bill, which was represented by the Majority Leader, Hon. Major Jack, and debated by Members, the Speaker, Rt. Hon. Martin Chike Amaewhule, cited Section 100(5) of the   Constitution of the Federal Republic of Nigeria 1999 as altered, which empowers the House to override the Governor, where the Governor withholds his assent. The Speaker then  put the question and the  24 Members present unanimously agreed to override the Governor.


In like manner, the Rivers State Local Government Law (Amendment) Bill, the Rivers State Traditional Rulers' Law (Amendment) Bill, and the Rivers State Advertisement and Use of State-owned Property Prohibition (Repeal) Bill were all represented, debated, and voted upon with a unanimous decision to override the Governor's assent.


Speaking on the decision of the House on the Bills, the Speaker, Rt. Hon. Amaewhule emphasized that reason adduced by the Governor for withholding assent on the Local Government Amendment Bill  appears to be anticipatory and tailored toward creating a situation that would make holding of election in the State impracticable, because the amendment curtailed the powers of the Governor in suspending Local Government Council Chairmen and appointment of  Caretaker Committees.


Commenting further, Rt. Hon. Amaewhule described the amendment to the Rivers State Traditional Rulers' Law as innocuous and wondered why the Governor declined assent; adding that the House amended the law to include a resolution of the House in the recognition, de-recognition or suspension of traditional rulers the state to curb arbitrariness.


On the repeal of the Rivers State Advertisement and Use of State-owned Property (Prohibition)Law No. 7 of 2022, the Speaker remarked that the House decided to repeal the law so as not to financially overburden the people of the State and impede their  access to use of state-owned facilities; but regretted that the Governor withheld assent to all these people oriented Bills.


He  enthused that the House would continue to strengthen democratic institutions and ethos in the State; and  instructed the Clerk of the House to ensure that copies of all these laws that have now assumed the garb of law by virtue of  section 100(5) be transmitted to relevant Ministries, Departments and Agencies.

More photos below. 


 












Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.

-
Image
                Lagos State Governor,Mr Akinwunmi Ambode on friday officially launched the one year long activities to mark the 50 years anniversary of the State which will climax on May 28,2017,just as he said the activities lined up would showcase to the world the unique achievements,culture,heritage and the tourism potentials of the state.Governor Ambode,who spoke at a special children programme tagged ''Vision of the Child'' to officially kick start the one year long activities for the Golden Jubilee of the State,said the celebration was put together to provide historical opportunity to propel the State into unimaginable greatness as well as put it on highest pedestal in the league of the world megacity states.The Governor,who assured that the events would be the biggest celebration in the 50 years history of the state,added that Lagosians should expect nothing short of world class events.He said ''This golden jubilee celebration will show Lag...
Read more