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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NPF LEADS HIGH-LEVEL DISCUSSIONS ON TRANSNATIONAL ORGANIZED CRIME AND REGIONAL POLICE COOPERATION. (PHOTOS). #PRESS RELEASE.

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 PRESS RELEASE 


NPF LEADS HIGH-LEVEL DISCUSSIONS ON TRANSNATIONAL ORGANIZED CRIME AND REGIONAL POLICE COOPERATION


As IGP  Attends 13th AFRIPOL Steering Committee Meeting in Algiers, Algeria


The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, is currently in Algiers, Algeria, where he is participating in the 13th Meeting of the AFRIPOL Steering Committee, taking place from July 7 to 8, 2025. The summit gathers Police Chiefs, senior law enforcement executives, and continental security stakeholders to address the growing complexities of terrorism, organized crime and violent extremism across Africa. The IGP is attending in his dual capacity as Nigeria’s Chief of Police and the current Chairperson of the West African Police Chiefs Committee (WAPCCO), reaffirming Nigeria’s leadership in continental security cooperation and regional threat mitigation.


The two-day session features critical briefings, including a report on the current situation of Transnational Organized Crime (TOC) across the continent; updates on the deployment and operationalization of the AFSECOM communication system, and progress on the development of AFRIPOL’s strategies on Counter-Terrorism (CT) and TOC. It also covers presentations on the ongoing AFRIPOL reform process, including engagements with AU policy organs and Member States, and outlines preparations for the upcoming 14th Steering Committee Meeting and 5th AFRIPOL General Assembly.


IGP Egbetokun reaffirms Nigeria’s strong commitment to dismantling criminal networks by advancing collaborative law enforcement strategies, intelligence sharing, and joint security operations. He emphasizes the importance of modern technology, integrated communication platforms, and interagency task forces as pivotal to responding to cross-border threats. The IGP also calls for deeper legal harmonization, improved officer training, and enhanced regional interoperability to effectively combat terrorism, cybercrime, trafficking, and organized criminal networks while reiterating that the battle against TOC cannot be won in isolation, but through unified purpose, coordinated action, and strategic cooperation.


Amongst the attendees at the meeting are the Algerian Director-General of National Security, Ali Badaoui; members of the Central African Police Chiefs Committee (CAPCCO); members of the Eastern Africa Police Chiefs Cooperation (EAPCCO) and other regional police organizations as well as other Chiefs of Police. 


The Nigeria Police Force remains committed to supporting AFRIPOL’s mission and will continue to work with regional and international partners to promote peace, safety, and a secure Africa. The IGP restates the Force’s resolve to actively contribute to multilateral efforts aimed at safeguarding communities and reinforcing Africa’s collective security infrastructure.


ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI

FORCE PUBLIC RELATIONS OFFICER,

FORCE HEADQUARTERS,

ABUJA.


7TH JULY, 2025..

More photos below. 


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