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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LAWYERS CRITICIZE PROPOSED FIVE-YEAR TENURE FOR CHIEF JUSTICE, HEADS OF COURTS. (PHOTO).

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 Lawyers Criticize Proposed Five-Year Tenure for Chief Justice, Heads of Courts


The House of Representatives' proposal to limit the tenure of Nigeria's Chief Justice and other court heads to five years has faced backlash from legal experts, who argue the current system is effective and does not require alteration.


Key Points:

The bill, introduced by Manu Soro, seeks to amend the Constitution to impose a five-year, non-renewable term for heads of courts, after which they would either return to their previous roles or retire.

Critics, including Nigerian Bar Association spokesperson Bridget Edokwe, argue the proposal is unnecessary and risks undermining the judiciary’s stability.

Concerns include potential politicization of appointments, inequities among states appointing younger judges, and complications from health or competence issues during fixed terms.

Lawyers emphasize that the current retirement system based on age or years of service ensures efficiency and professionalism.


The proposal, aimed at enhancing service motivation, is seen by many as a flawed solution that could introduce more challenges to Nigeria’s judicial system.

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