Obi Cubana has been arrested by the EFCC for money laundering.

The Economic and Financial Crimes Commission, EFCC, has detained Obinna Iyiegbu, alias Obi Cubana, a socialite and businessman.

The Anambra tycoon, who arrived at the EFCC offices in Jabi Abuja around midday on Monday, was still being quizzed by the Commission’s operatives as of 10:30 p.m.

Though details about the claims against the socialite were scarce at press time, a source said his case included alleged money laundering and tax fraud.

Wilson Uwujaren, the Commission’s spokesman, said he had not yet been briefed on the development when reached.
As of press time, it was unclear whether the businessman, who has a large following across Nigeria, would spend the night in an EFCC cell or be released on bond and allowed to return home before daylight.

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