CashNation Records label boss, Babatunde Oyerinde Abidoun, popularly known as 'Kashy' is reportedly arrested by the Economic and Financial Crimes Commission, (EFCC) for an alleged internet fraud.

According to the EFCC body, he was arrested due to the intelligence gathered overtime about his suspicious lifestyle.

The CashNation Entertainment boss arrest was made known on the official Instagram page of the Economic and Financial Crimes Commission (EFCC).

@officialefcc with the handle on Instagram wrote; 

“EFCC Arrests CashNation Boss, ‘Kashy’ For Alleged Internet Fraud

Operatives of the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, have arrested one Babatunde Oyerinde Abidoun, a.k.a. Kashy, for his alleged involvement in cyber crimes. 

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

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.

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.”


View this post on Instagram

EFCC Arrests CashNation Boss, ‘Kashy’ For Alleged Internet Fraud . . Operatives of the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, have arrested one Babatunde Oyerinde Abidoun, a.k.a. Kashy, for his alleged involvement in cyber crimes. . . Abiodun, who is the owner of CashNation Ent. Ltd., a music record label, was arrested recently at his residence in Lekki Conservative Estate, Lagos. . . 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. . . 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. For details of this and other stories, visit our website at www.efccnigeria.org . . #InternetFraudster #Fraud #Corruption #Crime #YahooBoy #YahooYahoo #EFCC #TheFightAgainstCorruption #FightingForYou

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