EFCC Arrests CashNation CEO For Alleged Internet Fraud

EFCC Arrests CashNation CEO For Alleged Internet Fraud

The Lagos Zonal Office of the Economic and Financial Crimes Commission has arrested the CEO of CashNation Entertainment Ltd,  Babatunde Oyerinde Abidoun, News9naija reports.

The anti-graft agency revealed via a tweet Mr Abioduon popularly called “Kashy” was arrested for his alleged numerous involvements in cybercrimes.

The CashNation CEO known for his flashy lifestyle was arrested in the Lekki Conservative Estate, Lagos after investigations  linked his fraudulent activities to his domestic staff, Thomas Aliu Akwu.

Akwu confessed to having different accounts domiciled in UBA, Ecobank, GTB, Zenith Bank and FCMB and also receiving money for his boss through the accounts.

READ ALSO »   EFCC Arrests Blogger Behind Fake 'EFCC Cell' Tweet

The Agency wrote on Twitter, “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

Two exotic cars, 2013 Bentley Continental and Mercedes Benz GLK 350 were recovered from him.

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