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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SIX YORUBA CHIEFS DETHRONED FOR ATTENDING LABOUR PARTY EVENT WITHOUT ROYAL APPROVAL.(PHOTO).

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 Six Yoruba chiefs dethroned for attending labour party event without royal approval.

Lagos monarch dethrones six chiefs for attending labour party campaign.

The Ojora of Ijora and Iganmu Kingdom, Oba AbdulFatai Oyegbemi, has dethroned six chiefs for attending the campaign flag-off of the Labour Party at the Apapa area of Lagos State. 


The monarch made this known following a palace meeting held on Monday, June 30, 2025. 


In a statement issued by the palace media, Oba Oyegbemi stated that the chiefs had attended the political event without his consent, an act he deemed unacceptable for leaders within his domain. 


The affected chiefs are Chief Lateef Ojora (Bale Alaba Oro), Chief Saliu Biliamin (Bale Alafia Dodoro), Chief Taiwo Hassan (Bale Oke Ira), Chief Idris Ojora (Bale Abule Kere), Chief Hakeem Oseni (Bale Mosafejo Amukoko), and Chief Sule Balogun (Balogun of Abule Kere).


“Following the outcome of this event, which unfolded without his prior knowledge, Kabiyesi Ojora summoned the Bales, Balogun, and the Ojora Councils to his ancient Palace for clarification,” the statement read. 


“In a tone marked by disappointment and authority, Kabiyesi stated that the Chiefs’ actions were in violation of their duties. He reiterated that no Chief should make decisions or act on his behalf without his explicit consent, as they all serve to represent him and uphold the traditions of the land.


“The decisive action of dethroning the six Chiefs underscores his commitment to maintaining order and coherence within his leadership structure.


“During this assembly, Kabiyesi also took the opportunity to commend the present Government’s ongoing development initiatives in Ojora Land, expressing his commitment to continue supporting the Administration as it fosters growth and progress for the Kingdom.”


“This event has reaffirmed the significance of transparency and collaboration between traditional authorities and their representation in political matters, while reminding all chiefs of their responsibilities while serving under the esteemed Ojora Kingdom.”

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