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Showing posts from May 6, 2024

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...

LAGOS DRAIN DUCKS WORKER TRAPPED IN UNDERGROUND DRAINAGE.(PHOTO).

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 Lagos Drain Ducks worker trapped in underground drainage A Lagos State Drain Ducks worker has reportedly been trapped in an underground drainage in Onipanu area of the state with effort being made to rescue him. Director-General, Lagos State Emergency Management Agency (LASEMA), Dr. Femi Oke-Osanyintolu, said following an SOS message on distress situation of a drainage worker, the agency activated the State’s Emergency Response Plans from its Onipanu base. “Upon arrival of the emergency responders at the incident scene, investigations revealed that an adult male de-silting drainages along that axis in attempts to clear a blocked portion, accessed the underground tunnel and got trapped. “Further investigation at the incident scene revealed that the man was a Drain Ducks worker employed by LAMATA, while trying to dislodge and evacuate debris from the underground drainage and unfortunately got trapped in between the tunnel,” he said. Oke-Osanyintolu said in conducting the Search and ...

TENSION IN DELTA COMMUNITY AS CLERIC KILLS SACRED SNAKE.(PHOTO).

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 Tension in Delta community as cleric kills sacred snake A cleric has reportedly killed a sacred boa in Okeagbe community in Ughelli South Local Government Area of Delta State. The cleric who is a member of God’s Grace Ministry, whose headquarters is in Warri, immediately fled the community before he was caught. It was not clear why the cleric killed the boa at the time of this report. Consequently, there was serious protests by indigenes of the Okeagbe community over the killing of the boa by the cleric. Indigenes in their numbers chanted solidarity songs as they marched round the community. They marched to the police station and an army formation in the community to register their grievances over what they termed as “sacrilege.” The angry protesters did not allow the church to hold service on Monday as they insisted that the church and the cleric must perform the necessary rituals to cleanse the town as well as bury the snake like a human being. The cleric who is an indigene of O...

NAIRA DOWN TO N1,410/$ IN PARALLEL MARKET.(PHOTO).

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 Naira down to N1,410/$ in parallel market The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,354.21per dollar from N1,400.4 per dollar last week Friday, indicating N46.19 appreciation for the naira. The market recorded an intraday high of N1,441 per dollar and an intraday low of N1,285 per dollar resulting in a margin of N156 per dollar. The volume of dollars traded (turnover) in the market declined by 58 percent to $84.83 million from $201.88 million traded the previous day. Consequently, the margin between the parallel market and NAFEM rates widened to N55.79 per dollar from N5.4 per dollar last Friday.

FASHION FROM THE 2024 MET GALA. (PHOTOS)

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 Every year the Met Gala brings together an incredible crowd of fashion designers, models, and the brightest stars of music and film in celebration of the Costume Institute’s latest exhibition. “Sleeping Beauties: Reawakening Fashion,” is this year’s show, and it draws from the Costume Institute’s own permanent collection to highlight the multi-sensory experience of wearing clothes. “Fashion is one of the most emotional artistic forms because of its connection to the body,” Andrew Bolton, Wendy Yu Curator in Charge of The Costume Institute, explained in a recent interview. “It is imbued with memory and emotions, and we relate to it very much via our senses. One thing I hope this show will activate is that sensorial appreciation of fashion.” On the 2024 Met Gala red carpet, it is co-chairs Zendaya, Jennifer Lopez, Bad Bunny, and Chris Hemsworth—all of whom can be frequently found on best-dressed lists—that will be setting the tone for the evening. This year’s dress code, “The Garden...