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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JUDICIARY WORKERS SUSPEND PLANNED NATIONWIDE STRIKE FOR TWO WEEKS. (PHOTO).

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 Judiciary Workers Suspend Planned Nationwide Strike for Two Weeks


The Judiciary Staff Union of Nigeria (JUSUN) has suspended its planned nationwide strike, originally set to begin on June 2, following productive talks with the Minister of Labour and key judiciary stakeholders. The decision grants a two-week period for authorities to address pending financial issues.


According to a statement by JUSUN’s Public Relations Officer for the National Judicial Council Chapter, Mr. Joel Ebiloma, the suspension follows a series of meetings over the past 48 hours involving JUSUN representatives, the Minister of Labour, and judiciary stakeholders, as directed by the Honourable Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun. The aim was to avert court closures nationwide.


The meetings resolved to give the Minister of Labour and other stakeholders two weeks to resolve issues with the Office of the Accountant General of the Federation. The Accountant General is expected to release statutory allocations to the judiciary, as outlined in the 2025 Appropriation, covering arrears for the Wage Award, minimum wage, and a 25%/35% salary increase.


JUSUN has directed all staff to resume work on Monday, June 2, to allow stakeholders to engage with the relevant authorities. The union expressed confidence in the efforts of the National Judicial Council’s Secretary, Malam Ahmed Gambo Saleh, to secure the release of the funds within the stipulated time frame.


“We salute the patience, courage, and understanding of all our respected members in this struggle,” the statement read, emphasizing hope for a resolution that will benefit all judiciary workers.

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