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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RE: WARNING STRIKE BY MEDICAL GUILD OVER SALARY DEDUCTIONS. (PHOTO). #PRESS RELEASE.

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 RE: WARNING STRIKE BY MEDICAL GUILD OVER SALARY DEDUCTIONS


The attention of the Lagos State Government has been drawn to the press conference held by the Medical Guild on Saturday, July 26, 2025, and the subsequent declaration of a three-day warning strike scheduled to commence on Monday, July 28, 2025, over alleged unilateral salary deductions and other related concerns.


While we acknowledge the concerns raised by the leadership of the Medical Guild, the Lagos State Government wishes to assure the general public that all grievances of the doctors are currently being looked into with utmost sincerity and urgency. Negotiations and engagements with the Medical Guild are ongoing. 


This is the first time the Ministry is experiencing such a development in recent years, and the Government is particularly concerned about the welfare, motivation, and productivity of all healthcare workers across the state.


A Conciliation Committee comprising representatives from the Medical Guild and the Government was previously constituted to resolve all outstanding issues. Meetings have been held, and documents submitted by the Guild are being carefully reviewed in line with existing policies and fiscal regulations. 


As a responsible Government, we value the critical role our healthcare professionals play in delivering quality and timely health services to the over 20 million residents of Lagos State. We urge the Medical Guild to continue on the path of dialogue while we work to reach a peaceful and just resolution in the interest of all parties, especially the residents who may bear the brunt of any service disruption.


The Lagos State Ministry of Health, therefore, appeals to the Medical Guild to reconsider its decision on the warning strike and allow the ongoing discussions to reach a fruitful conclusion. Governor Babajide Olusola Sanwo-Olu remains committed to promoting the welfare of healthcare workers and ensuring industrial harmony within the health sector.


We thank the people of Lagos for their patience and understanding, and assure the public that contingency plans are being put in place to minimise any impact on healthcare services during this period.


Tunbosun Ogunbanwo


Director, Public Affairs


Lagos State Ministry of Health

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