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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SHEHU SANI'S SUPPORTERS DUMP PDP FOR APC IN KADUNA. (PHOTO).

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 Shehu Sani's Supporters Dump PDP For APC In Kaduna


The People's Democratic Party (PDP) in Kaduna State, has faced setback as thousands of supporters of former Senator Shehu Sani defected to the All Progressives Congress (APC).


The defection of Shehu Sani's supporters comes at a time when the PDP held its state congress last Saturday in Kaduna.


The PDP defectors were welcomed at the APC office, displaying pictures of President Bola Tinubu, Governor Uba Sani, and Shehu Sani, while singing unity songs.


Shehu Sani, who represented Kaduna Central in the Nigerian Senate from 2015 to 2019, was a gubernatorial candidate under the PDP in the 2023 election but lost in the primaries.


The defecting supporters, who hail from the 23 local governments of Kaduna State, flooded the APC 2023 campaign office in the NEPA area along Muhammadu Buhari Way, singing songs welcoming Shehu Sani back to the APC.


According to the supporters, they have convinced their leader, Shehu Sani, to rejoin the ruling party, and they are confident that he will officially defect to the APC next week.


One of the leaders of the decamping members and Sani’s former Campaign Director in the PRP, Monday Jaji, said he has been pushing for Sani’s defection for over two years because of his track record of achievements while he served as Senator of Kaduna Central on the platform of the APC.


Jaji described Shehu Sani as a man of the masses who stands for the truth.


According to him, “When he was a Senator, Comrade Sani built seven hospitals across his constituency. He distributed over 200 transformers to communities, assisted the poor masses, and even bought a house for destitutes in Kano Road. Shehu Sani built a hospital in Chikun and built three in Igabi Local Government, Rigachikun, and Giwa Local Government.”


Receiving the detectors, Kaduna State Chairman of the APC, Air Commodore Emmanuel Jekada (rtd), expressed delight on the return of the defectors to the APC, saying that the development will propel the APC and Kaduna State to greater heights.

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