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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SPORTS MINISTER REMAINS HOPEFUL FOR MEDALS. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE.


SPORTS MINISTER REMAINS HOPEFUL FOR  MEDALS



Despite the disappointing performances of Nigerian athletes at the ongoing Paris 2024 Olympics, Sports Minister Senator John Owan Enoh maintains optimism that the nation will not return empty-handed.


Leading up to the track and field events, Team Nigeria had only secured one victory in 14 matches, achieved by the women's basketball team against Australia.


In a bid to turn the tide, the Sports Minister has issued a spirited call-to-action to Nigerian athletes, urging them to persist  and exhibit their talents and tenacity in the true spirit of Nigerian sportsmanship.


Emphasizing the significance of resilience and determination in the face of these challenging events, Sen. Enoh expressed his confidence in the athletes' potentials to secure medals, given the unwavering support they have gained. 


"We take pride in each athlete representing Nigeria. You carry the aspirations and ambitions of the nation, and we stand firmly beside you as you strive for greatness. Let the world witness the fortitude and resolve of Nigerians," he affirmed.


The Nigerian athletes encountered setbacks in the track and field events on Friday, as the nation's hope of crowning its first woman to qualify for the final in the high jump dimmed early at the Stade de France. High jumper Temitope Adeshina failed to clear the 1.97m qualification mark set for the event, falling short of the top 12 competitors progressing to the finals.


Adeshina, who had previously set a Nigerian record of 1.97m in the event less than two months ago, struggled to surpass 1.92m after successfully clearing 1.88m on her second attempt, ultimately finishing 19th in the final standings. She now joins Doreen Amata as the two Nigerians who have participated in the event without achieving the height required to secure a spot in the finals. Amata's attempts in the event in 2008, 2012, and 2016 did not match her feat at the World Championships in 2011, where she reached the final in Daegu, South Korea.


Prior to Adeshina's setback, sprinter Tima Godbless stumbled at the initial hurdle in the 100m semifinal.


As the 2024 Paris Olympic Games enters its 12th day, Team Nigeria is set to compete in a series of exciting events across athletics, wrestling, cycling, and basketball. Nigeria's women's basketball team, D'Tigress will face the USA in a thrilling quarterfinal matchup, while Samuel Ogazi will attempt to win a medal in the men's 400m final event. 


Also, queen of the tracks, Oluwatibiloba Amusan will compete in heat 1 of the women's 100m hurdles, as she attempts to win her first Olympic medal.


Kehinde Ajayi (Mrs)

Director (Information and PR)

FMSD


August 7 2024

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