Tyrese Haspil, the 21-year-old executive assistant to murdered CEO of Gokada, Fahim Saleh, has been arrested and charged with second-degree murder for the brutal killing of his boss.
The suspect is alleged to have owed Saleh tens of thousands of dollars, police said.
The entrepreneur was best known for his role in creating popular ride-sharing companies in Nigeria and Bangladesh.
Mr Haspil is accused of using a taser on Saleh and then fatally stabbing him on Monday.
“[The suspect] handled [Saleh’s] finances and personal matters,” NYPD Chief of Detectives Rodney Harrison told reporters after the arrest on Friday.
“It is also believed that he owed the victim a significant amount of money.”
Saleh’s body was discovered by his cousin who checked on him on Tuesday afternoon after he had not been seen for several days, Chief Harrison said.
According to US media reports, CCTV footage from the building in which Saleh lived showed him entering a lift with a man wearing a mask on Monday.
His body was discovered with an electric saw placed nearby, police said.