Raymond Igbalodely, also known as Hushpuppi, has reportedly been arrested by International Criminal Police Organisation (INTERPOL), in Dubai, UAE.
The billionaire whose wealth source is still to be confirmed was arrested on Tuesday alongside his close friend and alleged accomplice, Mr Woodberry at their palatial home.
Their arrest was based on the account of money laundering after some cases of fraud was linked to them.
According to sources, Interpol arrested Hushpuppi for Covid-19 ventilator $35million fraud which was purported to be given to Native Americans during the Corona Virus Pandemic.
Hushpuppi’s arrest was confirmed after close friends and some business faithful could not reach him because his phone was off.
It would be recalled that in 2020, a similar raid by the Interpol was made on another Nigerian billionaire Mompha who was also arrested for money laundering.
Sources have also confirmed that the Interpol agents are also in Nigeria at the moment to arrest other members of the syndicates that live in Nigeria.
To this effect, some close friends of the flamboyant socialite have all gone into hiding.
You can watch a video of their arrest below:
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