BREAKING: EFCC Arrests Obi Cubana Over Money Laundering

EFCC has arrested Obi Cubana over a Money Laundering allegation.

 

 

Newsonline reports that socialite and businessman, Obinna Iyiegbu, popularly known as Obi Cubana, has been arrested by the Economic and Financial Crimes Commission, EFCC.

 

BREAKING: Government Declares Tuesday Public Holiday

 

The Anambra-born tycoon, who arrived the headquarters of the EFCC at Jabi Abuja at about noon on Monday, was still being interrogated by operatives of the Commission as at 10:30 pm.

 

Though allegations against the socialite were sketchy as of press time, a source disclosed that his case borders on alleged money laundering and tax fraud.

 

When contacted, spokesman of the Commission, Wilson Uwujaren said he was yet to be briefed on the development.

 

It was unclear as at press time, if the businessman, who commands large followers across Nigeria, would sleep in EFCC cell or be released on bail to go home before daybreak.

 

BREAKING: Nigerian Army Names Those Behind Arson, Killings In South East

 

Newsonline Nigeria recalls that Obi Cubana made headlines when he hosted an ostentatious burial for his mother in Oba, Anambra State, southeast Nigeria in July 2021.

 

At the burial ceremony, over 200 cows were reportedly killed. The lavish display of wealth set tongues wagging with many Nigerians wondering about his source of wealth.

 

Several celebrities, business people and politicians turned out in large numbers for the funeral.