EFCC Arrests Millionaire Owner Of CashNation Entertainment Ltd, Babatunde Abidoun AKA Kashy For Cyber Fraud
The Operatives of the Economic and Financial Crimes Commission, (EFCC), have struck again in the continuous effort to identify and coral the nation's cybercrime fraudsters.
Yesterday it arrested Babatunde Oyerinde Abidoun aka Kashy owner of the music recording label CashNation Entertainment Ltd. at his Lekki residence in Lagos.
The EFCC's Head of Media and Publicity, Dele Oyewale confirmed the arrest in a press statement made available to the press late yesterday..
Oyewale explained that arrest of Babatunde followed intelligence gathered by the anti-graft body overtime about the suspicious lifestyle of Babatunde who constantly shuttles between Nigeria and the United Arab Emirates, and allegedly used the proceeds of his fraudulent activities to fund his lavish lifestyle.
Also in the EFCC's clutches is Thomas Aliu Akwu who works for Babatunde and who during integration has helped identify a slew of accounts domiciled in UBA, Ecobank, GTB, Zenith Bank and FCMB used to carry out suspicious transactions.
Also confiscated during the arrests were a white 2013 Bentley Continental and Mercedes Benz GLK 350.
Oyewale said Babatunde would soon be charged to court as soon as the Commission's investigations are fully concluded.