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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LAGOS TASKFORCE CLEARS SHANTIES IN AGUNGI, LEKKI.(PHOTO).#PRESS RELEASE

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 LAGOS TASKFORCE CLEARS SHANTIES IN AGUNGI, LEKKI


In a bid to restore sanity and decorum across various parts of the Metropolis in line with the THEMES PLUS Agenda of the State Government, the Lagos State Taskforce has removed all shanties, makeshift buildings and illegal structures on Agungi Ajiran Road, Lekki, in an intense operation carried out today. 


Speaking at the scene of the clearing out exercise, the Chairman of the Agency, CSP Adetayo Akerele stated that the occupants of all illegal structures in the area had been warned severally and were even served eviction notices 2 weeks ago but decided to remain at the location. 


“Over the years, residents have raised complaints about the increasing activities within the shanties, which contributed to envitonmental degradation, posed security risk, and disruption of neihhbourhood decorum. Despite several notices served to the occupants, they still remained defiant and refused to vacate the area.”


He stated that the illegal structures not only deface the well planned out residential area but also goes against the Physical Planning programmes of State Government along Lekki-Epe axis.


“Their continued presence here has becomes a serious cause for concern thats why our efforts demonstrate the State Government’s commitment to ensuring residential areas remain safe and habitable.” Akerele stated.


The Chairman assured Lagosians that the exercise is going to be continous as more shanties scatterred along other parts of Lekki axis have been served removal notices. He appealed to the occupants to vacate the shanties and pull down any form of illegal structures in those area or risk having them forcefully demolished by the Agency. 


“I admonish residents to report suspicious activities to the Agency though our feedback channels to enable us put a stop to this irregularities that have been spread overtime. If you see something, say something.” He concluded.


Gbadeyan Abdulraheem

Director, Press & Public Affairs

Lagos State Taskforce

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