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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CAC TO CLAMP DOWN ON ILLEGAL POS OPERATORS FROM JANUARY 2026.(PHOTO).

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 CAC to clamp down on illegal PoS operators from January 2026


The Corporate Affairs Commission (CAC) has threatened a fresh clampdown on unregistered Point of Sale (POS) operators in Nigeria from 1st January 2026.


The Commission said it observed a rising number of POS operators running without registration, violating CAMA 2020 and CBN Agent Banking Regulations.


In a statement on Saturday, the agency said all PoS must be duly registered with the commission or face immediate shutdown. It warned that no POS operator will be allowed to operate without CAC registration, adding that security agencies will enforce nationwide compliance.


The statement further pointed out that this reckless practice, often enabled by some fintech companies, puts Nigeria’s financial system and citizens’ investments at risk, stressing that it must stop.

“Unregistered POS terminals will be seized or shut down by security officials.


“Fintechs enabling illegal operations will be placed on a watchlist and reported to the CBN. All operators are advised to regularize immediately. Compliance is mandatory,” the statement said.

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