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...

THE DIRECTOR-GENERAL OF THE NATIONAL BOUNDARY COMMISSION, SURV. ADAMU ADAJI, MOURNS THE PASSING OF FORMER PRESIDENT MUHAMMADU BUHARI, GCFR. (PHOTO). #PRESS RELEASE.



 PRESS RELEASE


THE DIRECTOR-GENERAL OF THE NATIONAL BOUNDARY COMMISSION, SURV. ADAMU ADAJI, MOURNS THE PASSING OF FORMER PRESIDENT MUHAMMADU BUHARI, GCFR


Innā lillāhi wa innā ilayhi rājiʿūn.


The Director-General of the National Boundary Commission, Surv. Adamu Adaji, joins the President, the Federal Government, and all well-meaning Nigerians in mourning the death of former President Muhammadu Buhari, GCFR, who passed away in London on Sunday, 13th July 2025.


Describing the late President as a man of deep personal discipline, clarity of conviction, and austere commitment to national order, Surv. Adaji remarked that Nigeria has lost a towering figure whose life’s arc spanned decades of public service both in uniform and under democracy. 


“President Buhari was not one for flamboyance or excessive speech. His strength lay in restraint, in principle, and in his ability to stand firm even when it was not politically convenient to do so,” the DG said.


President Buhari's contribution to the country’s cohesion, particularly during challenging periods in our national life, remains a reference point. From his stewardship during the military era to his democratically elected leadership in 2015 and 2019, he approached governance with a strong belief in duty, accountability, and the moral weight of leadership. His emphasis on restoring order to the public service, safeguarding national boundaries, and resisting the corrosion of corruption were defining hallmarks of his presidency.


While offering prayers for the repose of the late President’s soul, Surv. Adaji noted: “We ask Almighty Allah, the Most Merciful, to forgive his shortcomings, expand his grave, and admit him into Al-Jannatul Firdaus. May Allah strengthen our mother, Hajiya Aisha Buhari, their children, and all who mourn him at this time.”


The Director-General also observed that the late President’s legacy of frugality, national discipline, and respect for Nigeria’s territorial integrity should serve as a mirror to those currently entrusted with the affairs of state.


 “He was deeply conscious of Nigeria’s place in Africa and understood that national greatness requires sacrifice, not sentiment.” he stated.


Surv. Adaji concluded by praying that Allah (SWT) grant the family and the nation the strength to bear this loss with sabr (patience) and resolve, and called on Nigerians to honour the memory of the late statesman by renewing their commitment to justice, unity, and selfless service.


Efe Ovuakporie Head Information and Public Relations 

14th July, 2025

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