Barry Jhay’s label boss, Babatunde Oyerinde Abidoun, popularly known as Kashy has been arrested by the EFCC for alleged internet fraud.
According to reports by EFCC he was arrested due to the intelligence gathered overtime about his suspicious lifestyle.
It was stated also that Kashy who shuttles between Nigeria and the United Arab Emirates, UAE, allegedly used the proceeds of his fraudulent activities to fund his lavish lifestyle.
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His arrest was made known on the official Instagram page of the Economic and Financial Crimes Commission (EFCC) @officialefcc.
“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,” the post read.
We will keep you informed as we get more details.