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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FG DECLARES WEDNESDAY 1ST MAY, 2024 PUBLIC HOLIDAY TO MARK WORKERS' DAY CELEBRATION. (PHOTO). #PRESS RELEASE.

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 30th April, 2024


PRESS STATEMENT


FG DECLARES WEDNESDAY 1ST MAY, 2024 PUBLIC HOLIDAY TO MARK WORKERS' DAY CELEBRATION


The Federal Government has declared Wednesday, 1st May, 2024 as a Public Holiday to commemorate this year's Workers' Day Celebration.


The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, re-iterated the need for excellence, efficiency and equity in all spheres of labour, re-affirming the President Bola Ahmed Tinubu's administration's commitment to fostering a culture of innovation, productivity, and inclusivity in the workplace.


Dr. Tunji-Ojo said: "In alignment with this year's theme, which focuses on ensuring safety and health at work in a changing climate, I wish to state that the Federal Government remains steadfast in its resolve to prioritise the safety and well-being of all citizens. Let me reaffirm Mr. President's commitment to providing a conducive environment for work, where every worker can thrive and contribute meaningfully to national development".


While acknowledging the contribution of workers, he called for proactive measures to mitigate adverse effects of climate change through synergy in in the implementation of sustainable practices and policies that promote well-being in the workplace and in building a nation guided by the principles of integrity, diligence and compassion.


The Minister also urged Nigerians to remain committed to the present administration's Renewed Hope Agenda as he wishes workers a happy celebration.


Signed:


Dr. Aishetu Gogo Ndayako Permanent Secretary

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