Thu. Apr 15th, 2021

Alleged Internet Fraud: CashNation Boss, ‘Kashy’ Arrested

Arrested CashNation Boss, Babatunde

Internet Fraud: CashNation Boss, ‘Kashy’ Arrested

The Economic and Financial Crimes Commission (EFCC), said it has arrested one Babatunde Oyerinde Abidoun, a.k.a. Kashy, for his alleged involvement in cyber crimes related offences.

Abiodun, who is the owner and promoter of CashNation Entertainment Limited, a music record label, was arrested recently at his residence in Lekki Conservative Estate, Lagos.

EFCC in a release stated that, his arrest followed intelligence  gathered overtime about his suspicious lifestyle.

Abiodun, who shuttles between Nigeria and the United Arab Emirates, UAE, allegedly used the proceeds of his fraudulent activities to fund his lavish lifestyle.

The EFCC investigations linked his fraudulent activities to his domestic staff, Thomas Aliu Akwu, who confessed to having different accounts domiciled in UBA, Ecobank, 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.

EFCC stated that the suspect will soon be charged to court as soon as investigations are concluded.