- The EFCC has arrested a Nigerian record label boss, Kashy, over his alleged involvement in internet fraud
- This was confirmed in a report shared on the official EFCC Twitter page
- The anti-graft agency disclosed that Kashy was arrested after months of investigation into his luxury lifestyle
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The Nigerian Economic and Financial Crimes Commission (EFCC) has arrested Babatunde Oyerinde Abiodun aka Kashy, who is the owner of Cash Nation Entertainment, a popular record label in the country.
According to the anti-graft agency, the individual was picked up at his Lekki residence in Lagos over his alleged involvement in internet fraud.
The arrest was made public in a post shared on the official EFCC page on Monday, June 29.
According to the EFCC, Kashy was arrested after months of investigation into his suspicious lifestyle. It was also disclosed that one of Kashy’s domestic staff identified as Thomas AliuAkwu made a confession about his involvement in his boss’ fraudulent dealings.
AliuAkwu confessed to having multiple accounts in Nigerian banks where he receives cash on behalf of his employer.
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According to the EFCC, the music executive shuttles between Nigeria and the United Arab Emirates (UAE) and uses money from his alleged fraudulent activities to fund his lavish lifestyle.
The commission disclosed that items retrieved from Kashy’s possession at the time of arrest include a white 2013 Bentley Continental and Mercedes Benz GLK 350.
Kashy is to be charged to court once investigations have been concluded, EFCC reports.
See full tweets below:
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Meanwhile, Legit.ng previously reported that flamboyant bureau de change operator, Mompha, took his fans and followers on Instagram by surprise after yanking off all his posts from the platform and leaving just one.
The move by Mompha comes amid the ongoing scandal of Dubai-based Nigeria, Ray Hushpuppi, who was recently arrested by the FBI and Interpol on the basis of alleged internet fraud.
Mompha left a single motivational post on his IG page and took off every other photo that portrayed his luxurious and flashy lifestyle.
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