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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ENYIMBA IN CONTRACT TALKS WITH STANLEY EGUMA FOR PERMANENT HEAD COACH ROLE. (PHOTO).

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 Enyimba in Contract Talks with Stanley Eguma for Permanent Head Coach Role


Enyimba Football Club, the nine-time Nigeria Premier Football League (NPFL) champions, are negotiating with Stanley Eguma to appoint him as their permanent head coach, following his stint as interim manager last season.


Eguma, who took over mid-season after the dismissal of Olanrewaju Yemi, led Enyimba to a commendable sixth-place finish in the NPFL. The club also placed third in their CAF Confederation Cup group, narrowly missing the knockout stage.


According to club sources, Eguma has presented his contract demands to Enyimba’s management, who are currently reviewing them. Both parties are expected to finalize the agreement next week, paving the way for Eguma to assume the role on a permanent basis.


The negotiations signal Enyimba’s confidence in Eguma’s ability to steer the People’s Elephant back to the top of Nigerian and continental football.

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