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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ELECTIONS IN FCT, KANO, RIVERS: PRESIDENT TINUBU CALLS FOR ORDERLINESS, RESTRAINT BY SECURITY AGENCIES, URGES INEC TO STRENGTHEN VOTERS’ CONFIDENCE. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE


ELECTIONS IN FCT, KANO, RIVERS: PRESIDENT TINUBU CALLS FOR ORDERLINESS, RESTRAINT BY SECURITY AGENCIES, URGES INEC TO STRENGTHEN VOTERS’ CONFIDENCE

 

President Bola Ahmed Tinubu has called on voters, security agencies, and officials of the Independent National Electoral Commission (INEC) to conduct themselves in an orderly manner during Saturday’s polls in the Federal Capital Territory and the states of Kano and Rivers.

 

INEC will conduct elections in the six area councils of the FCT and bye-elections in the Ahoada East II and Khana II State constituencies of Rivers State, and in the Kano Municipal and Ungogo constituencies in Kano State.

 

President Tinubu urged all eligible voters to come out and vote without fear, emphasising that the democratic process thrives best in an atmosphere of calm, tolerance, and mutual respect.

 

He appealed to political parties, candidates, and their supporters to shun violence, inflammatory statements, and actions that undermine the credibility of the process.

 

He cautioned against any form of high-handedness, intimidation, or actions that could disenfranchise voters or erode public trust, stressing that security personnel are present to protect lives, property, and the sanctity of the ballot.

 

President Tinubu appealed to the Commission to take all necessary measures to bolster voters’ confidence by ensuring timely accreditation, smooth voting processes, accurate collation, and prompt transmission of results, in line with the 2026 Electoral Act.

 

"Fellow Nigerians, I assure you that the Federal Government under my administration will continue to support institutions responsible for delivering free, fair, and credible elections.

 

"To all residents of the FCT, Kano and Rivers, I commend your civic consciousness. I am confident that these elections will reflect the will of the people and further strengthen our democratic journey as a nation," the President added.

 

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

February 20, 2026

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