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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NUPENG PTD MEMBERS STAY AWAY DESPITE SCHEDULED MEETING WITH FG. (PHOTO).

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 NUPENG PTD MEMBERS STAY AWAY DESPITE SCHEDULED MEETING WITH FG



Members of Petroleum Tanker Drivers, PTD Branch of the National Union of Petroleum and Natural Gas workers, NUPENG have gone ahead to withdraw their services from Monday, September 8, over alleged anti-labour activities of Dangote group.


During a visit to PTD office on Monday morning, AIT crew found no official around except security personnel who denied them access into the building.


AIT also reached out to PTD tank farm along Kaduna road in Suleja where they were told the drivers did not turn up for work.


Meanwhile, NUPENG general secretary had shared a message saying quote "Tanker Drivers are set to start looking for new employment, new skills and new sources of income from tomorrow, 8th September 2025, end of quote.


At the moment a meeting called by the federal minister of labour and employment, Mohammed Dingyadi, originally  scheduled for 3PM this Monday, has been brought forward to 10am.


When AIT contacted NUPENG officials on  the development, one of them said they were still in Lagos, adding that they initially bought 1.20pm flight before the meeting was changed from 3.00 pm to 10.00 am 

and as at that time they were yet to get seats for earlier flight.


In the meantime, petroleum retail outlets are still selling fuel because the Petroleum Products Retail Outlets Association of Nigeria, PETROAN had issued a statement in solidarity to withdraw its services from midnight of Tuesday September 9.


The bone of contention is that Dangote group is employing about 10,000 Tanker drivers and making them sign undertakings not to belong to any trade union, a development the PTD, NUPENG, NLC and human rights lawyer, Femi Falana has described as unconstitutional and a tramp on the drivers human and labour rights.

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