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EFCC Arrests Obi Cubana Over Money Laundering Allegation


The Economic and Financial Crimes Commission (EFCC) has arrested Nigerian billionaire, Obinna Iyiegbu popularly known as Obi Cubana.

The Anambra-born club owner, who arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday, is currently being interrogated by operatives of the commission.

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.

The source said, “Obi Cubana was arrested and brought to the EFCC headquarters on Monday afternoon over allegations of money laundering and tax fraud. He is being grilled by detectives as we speak.”

The EFCC spokesman, Wilson Uwujaren, said he has yet to be briefed on the development.

Obi Cubana made wave in July when he hosted an ostentatious burial for his mother in Oba, Anambra State, in which over 200 cows were reportedly killed.

The lavish display of wealth set tongues wagging with many Nigerians wondering about his source of wealth.



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