Babatunde Oyerinde Abiodun a.k.a. Kashy, owner of a record label ‘CashNation Ent. Ltd’ has been arrested by the Economic and Financial Crimes Commission (EFCC) over his alleged involvement in internet fraud.
Kashy shuttles between Nigeria and the United Arab Emirates (UAE) and allegedly uses the proceeds of his fraudulent activities to fund his lavish lifestyle.
Abidoun was arrested at his residence in Lekki Conservative Estate in Lagos following intelligence gathered overtime about his suspicious 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.