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...

GOV. ABIODUN ABOLISHES AGE-LONG FEE PAID BY JOB APPLICANTS. (PHOTO). #PRESS RELEASE.


 Gov. Dapo Abidoun abolishes age-long fee paid by job applicants


The Ogun State Governor, Prince Dapo Abiodun CON, has directed the Chairman, Civil Service Commission, to refund all administrative fees currently being charged in relation to the ongoing recruitment exercise into the civil service.  


The directive from the governor wascommunicated via a statement issued by the Secretary to the State Government and addressed to the Chairman, Civil Service Commission, notwithstanding the fact that these are standard and historical fees that have been in place for decades. 


These fees are charged by the Civil Service Commission on behalf of third-party independent examiners who administer and supervise the CBT Test and Centres.  


The State Government has, as a gesture of good faith and in acknowledgement of the current economic situation in the country and also taking into consideration the ultimate aim of this recruitment exercise, i.e., to alleviate the sufferings of the citizens and create employment in the state, instructed the immediate refund of fees paid and a waiver of fees for any new applications.

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