The alleged owner of CashNation Entertainment Limited, Babatunde Oyerinde Abidoun a.k.a. Kashy, has been arrested by officials of the Economic and Financial Crimes Commission (EFCC) over alleged involvement in fraudulent activities.
Kashy resides in Nigeria and sometimes in the United Arab Emirates (UAE) is said to use the proceeds of fraud to fund his lavish lifestyle.
He was arrested at his house in Lekki Conservative Estate in Lagos State after informations about his suspicious lifestyle were gathered.
According to the EFCC, investigations linked his fraudulent activities to one of his domestic staff identified as Thomas Aliu Akwu.
Ajwu confessed to having different bank accounts domiciled in UBA, Ecobank, GTB, Zenith Bank and FCMB. He also confessed to receiving money on behalf of his boss through these accounts.
More information coming soon…