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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VISA-ON-ARRIVAL POLICY ENHANCED, NOT ABOLISHED- MINISTER. (PHOTO).

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 Visa-on-Arrival Policy Enhanced, Not Abolished – Minister


The Minister of Interior, Dr. Olubunmi Tunji-Ojo, has clarified that Nigeria’s Visa-on-Arrival (VOA) policy has been upgraded, not scrapped, as previously reported.

Speaking after a closed-door meeting with the Presidential Enabling Business Environment Council (PEBEC) in Abuja, Tunji-Ojo addressed concerns over the policy changes. His remarks were echoed in a statement issued by PEBEC Director-General, Princess Zahrah, who emphasized the government’s commitment to streamlining business processes and reducing bureaucratic hurdles.

The minister explained that while the VOA policy remains in place, new regulations now require pre-arrival clearance from Interpol, criminal record systems, and other security agencies in real time.

“The Visa-on-Arrival process is not being scrapped; it has been upgraded for greater efficiency and security. Travelers will still be able to apply online for short-stay visas, with approvals granted within 24 to 48 hours," Tunji-Ojo stated.

He added that once approved, visas would be sent directly to applicants via email, eliminating the need for a physical sticker upon arrival.

“This enhancement will streamline the process, reduce inefficiencies, and improve automation, ensuring better control over the movement of travelers. It is another step towards creating a more business-friendly environment and attracting foreign investment,” he said.

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