Flamboyant Nigerian billionaire popularly known as Raymond Hushpuppi has allegedly been arrested by agents of the FBI in Dubai. Rumours has it that Hushpuppi was arrested alongside his close friend and alleged accomplice, Woodberry from their palatial home in Dubai. The arrest was the result of months of investigation by the FBI following a fraudulent deal that involved Hushpuppi and his crew, they were said to have collected some money from the USA and were unable to properly launder it as they normally do, hence resulting in the FBI being able to build a strong case against them and enough to get a warrant for their arrest.

It is noted that Hushpuppi's phone has been switched off since the time the arrest, will be bringing you further updates as the case unfolds. You will remember that another Dubai based billionaire businessman, Mompha was arrested under very similar circumstances last year and his case is still in the Nigerian court.