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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LASG INCREASES BLUE RAIL LINE TRIPS TO 72 PER DAY, INTRODUCES 25% FARE DISCOUNT FOR OFF-PEAK TRAVELS. (PHOTO). #PRESS RELEASE.

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 LASG INCREASES BLUE RAIL LINE TRIPS TO 72 PER DAY, INTRODUCES 25% FARE DISCOUNT FOR OFF-PEAK TRAVELS



The Lagos Rail Mass Transit (LRMT) Blue Line will from Monday, 12th August 2024 increase its number of trips from 54 to 72 per day. However, the current schedule for Sunday operations remained unchanged


The Managing Director of Lagos Metropolitan Area Transport Authority (LAMATA), Engr. Mrs. Abimbola Akinajo announced this weekend that Blue Line train riders will now travel between Marina and Mile 2 in just about 18 minutes from the previous travel time of 25 minutes.


According to her, the implication is that there would be a train every 18 minutes both ways, thus allowing commuters to plan their trips.


Apart from this, Engr. Akinajo also announced a 25 per cent discount fare for commuters travelling within the off-peak period set at 10.00 am and 4.00 pm daily.


The new train schedule is potentially expected to reduce journey times, encourage more riders to use the train system during off-peak periods and reduce transport spending. The new timetables are available on the LAMATA website, stations and social media handles.


Recall that the Blue Rail Line commenced passenger operation on 4th September 2023 and has moved close to two million passengers.

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