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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PRES. TINUBU APPOINTS GOVERNING COUNCIL AND PRINCIPAL OFFICERS OF FEDERAL UNIVERSITY IN OGONILAND. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS GOVERNING COUNCIL AND PRINCIPAL OFFICERS OF FEDERAL UNIVERSITY IN OGONILAND

 

President Bola Ahmed Tinubu has appointed the Pro-Chancellor, governing council members, and principal officers of the Federal University of Environment and Technology, Koroma/Saakpenwa, Ogoni in Rivers State.

 

Prof. Don Mon Baridam, from the South-South, is the pro-Chancellor and Chairman of the Governing Council, while Prof. Chinedu Mmom, also from the South-South, will serve as the vice-Chancellor.

 

Baridam is a professor of Management with a specialisation in Organisational Behaviour. He previously taught at the University of Port Harcourt in Rivers State.

 

Mmom is a professor in the Department of Geography and Environmental Management at the University of Port Harcourt. He was also a former commissioner for education in Rivers State.

 

The Governing Council comprised a diverse team, with members from different regions of the country.

 

They are Mr. Emmanuel Onoja (North Central), Mr. Hamid Adekunle (South West), Prof. Chima Oji (South East) and Alhaji Abdullahi Magaji Lamda (North West).

 

President Tinubu appointed a team of professionals to play key roles at the university.

 

Dr. Mpigi Monday Douglas from the South South will be the Registrar, Zoryii Josco Nwaimanie from the North Central will take on the role of Bursar, and Dr. Saghanen Ntogo G. B. from the South South will be the Librarian.

 

The new University will admit its first cohort of students in September 2025. President Tinubu signed the bill establishing the University into law on February 3, 2025.


Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

July 30, 2025

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