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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NEW DATE FOR THE SPECIAL FEDERAL EXECUTIVE COUNCIL SESSION IN HONOUR OF PRESIDENT MUHAMMADU BUHARI TO BE ANNOUNCED. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS STATEMENT


NEW DATE FOR THE SPECIAL FEDERAL EXECUTIVE COUNCIL SESSION IN HONOUR OF PRESIDENT MUHAMMADU BUHARI TO BE ANNOUNCED

 

The special Federal Executive Council session on Tuesday in honour of former President Muhammadu Buhari will no longer be held as announced earlier, given the state funeral in his hometown, Daura, on the same day.

 

In addition, the Federal Government has declared Tuesday, July 15, a public holiday in honour of the departed Nigerian leader.

 

The Office of the Secretary to the Government of the Federation will announce a new date after the funeral proceedings.

 

President Tinubu called for the special FEC session to honour his predecessor for his invaluable contributions to our country.

 

The remains of the former Nigerian leader will arrive from London tomorrow by noon, after which he will be committed to Mother Earth in his home town, in accordance with Islamic rites.

 

President Buhari died on Sunday in a London Clinic after a prolonged illness.

 

President Tinubu declared a national mourning for seven days, with flags at half-staff.

 

He also directed Vice President Kashim Shettima and Chief of Staff Femi Gbajabiamila to join the Buhari family in London to condole with the family and bring the former President's remains back home.

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

July 14, 2025 ‎

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