Popular Nigerian Record Label Boss Arrested By EFCC For Alledged Internet Fraud - [Pictures]
View pictures in App save up to 80% data. The owner of a record label CashNation Entertainment Limited has been arrested by the Economic and Financial Crimes Commission (EFCC), over his alleged involvement in internet fraud. The suspect is named Babatunde Oyerinde Abidoun a.k.a. Kashy.
According to reports, the suspect who normally travels between Nigeria and the United Arab Emirates (UAE), allegedly uses his record label as a cover-up for his illegal businesses. The money made from his fraudulent activities is used to fund his lavish lifestyle. He was arrested at his residence in Lekki Conservative Estate in Lagos.
According to reports, the suspect was arrested following intelligence gathered on him over a long period of time. According to the report released by EFCC, investigations linked his fraudulent activities to his domestic staff, Thomas Aliu Akwu. After the arrest of Mr Thomas, he confessed to having different accounts in UBA, Ecobank, GTB, Zenith Bank and FCMB. He also said that he receives money for his boss through the accounts. Investigation is still ongoing and the suspects will be arraigned once investigation is concluded.