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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SULTAN, CAN SEEK END TO PROTESTS, ASK GOVT TO MEET NIGERIANS' YEARNING. (PHOTO).

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 Sultan, CAN Seek End To Protests, Ask Govt To Meet Nigerians’ Yearnings


The Sultan of Sokoto and President of Nigeria Supreme Council for Islamic Affairs (NSCIA), Alhaji Muhammad Sa’adu Abubakar III, and the President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, have asked the #EndBadGovernance protesters to end their demonstrations.


Angry youths have occupied Lagos, Abuja and major cities across the country, demanding a reversal of some economic policies of the government.


The nationwide protest which entered its second day on Friday turned violent in some states with some lives lost and properties destroyed.


Worried by the situation, the religious leaders urged the protesters and the conveners of the protests to sheath their swords and come to the dialogue table.


“The protest that commenced in a peaceful manner on Thursday, August 1, 2024 despite pleas from all quarters, took a turn for the worse and became violent later in the day. In just a few hours lives and property were lost due to this unfortunate scenario,” they said in a jointly signed statement.


“It is without doubt that there is hunger and hardship in the country but civil unrest is not the solution as it would only further aggravate the already frail state of the nation. NIREC hereby calls on fellow citizens of Nigeria to please call off this protest and give the Government a chance to redeem itself.


“In just one day lives and enormous amount of property have been destroyed. Imagine if this continues for a prolonged period of time, only God knows the extent of damage that would be incurred. The Council calls on the security agencies to be more professional in the discharge of their duties. NIREC urges the government to expedite action towards meeting the yearning and needs of the citizens. We need a peaceful and tranquil nation we can be proud to call our own. May God bless us all.”

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