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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HUNGER PROTEST BEGINS IN NIGER. (PHOTO)

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 Hunger Protest Begins In Niger


Some youths have trooped to the streets of Suleja in Niger State to protest the ongoing cost of living crisis in Nigeria. 


They wielded placards such as ‘Enough is Enough’; ‘Stop Anti-Masses Policies’; ‘We Are Not Slaves In Our Country’; ‘Hardship Is Unbearable’, ‘Fuel Subsidy Must Be Back’, among others.


The protesters marched on the streets as they chanted anti-government songs.


Our correspondent caught up with some of the protesters on Abuja-Kaduna expressway axis of Suleja and attempted to speak with them but they declined.


The Federal and State governments had made several efforts to stop the protest, saying it could be hijacked by hoodlums and enemies of democracy.


Last week, Governor Mohammed Bago had wooed residents of Niger with welfare packages to prevent the protest.


He had announced a N20,000 wage allowance for state and local government civil servants, ordered the immediate release of 50,000 metric tonnes of assorted grains to be sold at subsidised rates to mitigate the current economic hardship.


“We have over 100,000 metric tonnes of food in our reserves, out of which we will be releasing 50,000 metric tonnes to be sold at 50% of its present price. Before the end of the year, we will slash food prices by 90%,” he had said at a townhall meeting.


To show appreciation for their efforts in combating banditry, insurgency, and other criminal activities, the governor announced a gift of one Prado Jeep to each head of security agency in the state.


Although some of the organisers of the protest had announced August 1 as kick off date, others said it would commence in July.


The government or security agencies are yet to react to the protest which held in Niger.

More photos below. 



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