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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MINISTRY INAUGURATES SPECIAL TASK FORCE TO CURB STREET BEGGING. (PHOTOS) #PRESS RELEASE

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 MINISTRY INAUGURATES SPECIAL TASK FORCE TO CURB STREET BEGGING


To sustain the momentum in eradicating street begging, the Lagos State Ministry of Youth and Social Development has established a Special Task Force. 

This Task Force comprises representatives of various government bodies, including the Ministry of Justice, Ministry of Environment, Ministry of Transportation, Ministry of Youth, Lagos Neighbourhood Safety Agency, Lagos State Traffic Management Agency, Lagos State Task Force, and the Nigeria Police Force.


The inauguration took place today in Alausa, with Mr. Mobolaji Ogunlende, the Honourable Commissioner for Youth and Social Development, appointed as Chairman.


In his remark, Mr. Ogunlende noted that the Special Task Force became necessary due to the insufficient results from previous efforts, such as stakeholder meetings with Arewa Community Chiefs and sensitisation programmes.


He emphasised the present administration's commitment to enhancing the social safety net while addressing the issue of street begging.


Commissioner for Transportation, Mr. Oluwaseun Osiyemi, and Lagos State Police Commissioner, Mr. Adegoke Fayoade emphasised the importance of taking decisive steps to combat street begging.


Additionally, Permanent Secretary Ministry of Youth and Social Development, Pharm (Mrs.) Toyin Oke-Osanyintolu advised the Task Force to implement immediate medium and long-term measures to address the menace of street begging.


Resolutions from the inaugural meeting included embarking on extensive sensitisation and advocacy, issuing a seven-day ultimatum, conducting rescue operations, relocating apprehended beggars to either Agbowa or Igando Internally Displaced Person Camps, and strengthening penalties for street begging through legislative action by the State House of Assembly.

More photos below. 


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