Barry Jhay’s label boss, Babatunde Oyerinde Abidoun, popularly known as Kashy has been arrested by the EFCC for cyber crime.
The EFCC claimed that Kashy arrest was because of his involvement in cyber crime activities. They also revealed that his arrest was due to the intelligence gathered overtime about his suspicious lifestyle.
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The Economic and Financial Crimes Commission (EFCC) took to their official Instagram page; @officialefcc to disclose the information.
“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.”