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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BABANGIDA MOURNS MOKWA FLOOD VICTIMS, CALLS DISASTER “ACT OF GOD”.(PHOTO).

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 Babangida Mourns Mokwa Flood Victims, Calls Disaster “Act of God”


Former Nigerian Military President, General Ibrahim Babangida, has described the recent Mokwa flood, which claimed over 200 lives, as “unfortunate but an act of God.” Speaking during a Sallah homage visit by a Niger State government delegation led by Deputy Governor Yakubu Garba at his Uphill Residence in Minna, Babangida expressed his condolences to the people of Mokwa and Niger State.


“What happened in Mokwa is unfortunate, but it is ordained by Allah. It is beyond our powers, and this is why we should all continue to pray for the souls of the deceased,” Babangida said. He urged residents to remain prayerful for the victims while commending Governor Umaru Bago’s administration for its developmental efforts, pledging his continued support.


Deputy Governor Garba, leading the state delegation, noted that the visit aimed to seek Babangida’s blessings and fatherly advice. Acknowledging the former leader’s concern over the Mokwa tragedy, Garba praised Babangida’s enduring role as a national pillar of hope. “The people of Niger State and Nigeria appreciate your diligent service to the country. We assure you that the state government will not fail you,” Garba said.


The Mokwa flood has drawn widespread sympathy, with the state government intensifying relief efforts for affected communities.

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