Nigeria’s financial crimes agency, the Economic Financial Crimes Commission (EFCC) has apprehended Cash Nation Entertainment boss, Babatunde Oyerinde Abiodun, better known as Kashy in alleged involvement in cybercrime.
The Cash Nation Entertainment is home to the great-grandchild of legendary Fuji music icon, Late Sikiru Ayinde Barrister, and 2019 winner of the Headies Awards in the ‘Rookie of the Year’ category, Barry Jhay.
EFCC made the announcement via its verified Twitter after Kashy was paraded by the anti-graft commission. He was arrested in his residence in Lekki after the anti-graft agency monitored him for a while.
Following his arrest, his white 2013 Bentley Continental and Mercedes Benz GLK 350 have been seized. He would be charged to court immediately after investigations have been concluded on his case.
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. pic.twitter.com/AFUHfTciuu
— EFCC Nigeria (@officialEFCC) June 29, 2020
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. 2/
Abiodun, who shuttles between Nigeria and the United Arab Emirates, UAE, allegedly used the proceeds of his fraudulent activities to fund his lavish lifestyle. 3/
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. 4/
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. End.