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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BENUE ASSEMBLY MOVES TO REGULATE SOARING RENT PRICES . (PHOTO).

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 BENUE ASSEMBLY MOVES TO REGULATE SOARING RENT PRICES 


14th July, 2025   


In a significant move aimed at addressing the growing concern over the high cost of rent in Benue State, the Speaker of the Benue State House of Assembly, Rt. Hon. Aondona Dajoh, and Hon. Gbenda Terver have convened a stakeholders’ meeting to chart the way forward. The gathering is scheduled to hold on July 15, 2025, and will include landlords, house agents, and a select group of tenants.


The meeting, which is expected to be highly consultative, will provide a platform for participants to discuss the underlying causes of escalating rental prices in the state.


Citizen Television Newsroom learnt that, lawmakers hope that the dialogue will shed light on key challenges faced by both property owners and tenants, and help shape a fair regulatory framework.


According to the lawmakers, the Benue State House of Assembly is on the verge of taking a final decision to implement legislation aimed at regulating rental apartments. 


This comes in response to growing public outcry over exorbitant rent rates, particularly in urban centers such as Makurdi, Gboko, and Otukpo, where many residents struggle with housing affordability.


Stakeholders at the meeting will be expected to present firsthand experiences and practical suggestions that will guide the development of the proposed rent control laws.

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