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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APAPA CUSTOMS BREAKS MONTHLY REVENUE COLLECTION RECORD, GENERATES UNPRECEDENTED N201. 8B IN JULY 2024.(PHOTOS).#PRESS RELEASE

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 Apapa Customs Breaks Monthly Revenue Collection Record, Generates Unprecedented N201.8B in July 2024


Comptroller Babatunde Olomu, in charge of the Nigeria Customs Service, Apapa Area Command, has announced a record-breaking revenue of N201,853,406,964.61 for July 2024.


In a press briefing held at the command on Wednesday, 7 August 2024, comptroller Olomu said, "This is the highest monthly collection in the history of the command."


"The command has generated the sum of N201,853,406,964.61 in July 2024. He stated that for the first seven months of 2024, that is, January to July this year, the Apapa Area Command generated a total of N1,227,431,323,016.24".


Comparing the cumulative figure with the previous year, the CAC explained that what has been generated so far for seven months is above the total revenue collected by the command in 2023, which stood at N1,172,414,793,960.32.


"Our compliance desk, dispute resolution team, valuation, PCA, CIU and other units aimed at promoting seamless trade have been reinvigorated with daily, weekly and monthly evaluation by my office to oversee the progress we are making", he explained. 


Comptroller Olomu ascribed the command's success to the motivating examples of the Comptroller General of Customs (CGC) Adewale Adeniyi and his management team.

More photos below. 





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