CashNation Ent. Ltd boss, a music record label, Babatunde Oyerinde Abidoun, a.k.a. Kashy has been arrested by the OPERATIVES of the Economic and Financial Crimes Commission (EFCC) Lagos Zonal Office, for his alleged involvement in cybercrimes.
According to a statement sign and released by the Head of Media and Publicity of the EFCC, Abiodun who was arrested at his Lagos residence, who shuttles between Nigeria and the United Arab Emirates, UAE, allegedly used the proceeds of his fraudulent activities to fund his lavish lifestyle.
investigations linked his fraudulent activities to his domestic staff, Thomas Aliu Akwu, who confessed to having different accounts domiciled in UBA, Ecobank, GTB, Zenith Bank, and FCMB and also receiving money for his boss through the accounts.
Items recovered from the suspect at the point of arrest include a white 2013 Bentley Continental and Mercedes Benz GLK 350.
The suspect will soon be charged to court as soon as investigations are concluded, the statement said.
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