Money Laundering: EFCC Interrogates Obi Cubana 


BY SEGUN ADEBAYO, ABUJA – Popular business tycoon, Obinna Iyiegbu, alias Obi Cubana, is currently chatting with the Economic and Financial Crimes Commission (EFCC) over alleged money laundering and tax fraud issues.

Reports indicate the Anambra-born magnate arrived at the headquarters of the anti-graft agency at Jabi in Abuja, Nigeria’s capital city at about noon on Monday, November 1, 2021, for interrogation by the Commission operatives.

Before going to press, information about the possibility of Cubana being released on bail before daybreak was still sketchy as he was still answering questions from the operatives at about 11 pm Nigerian time.

An insider familiar with the case hinted thus; “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.”

Contacted on news about the arrest, EFCC’s spokesperson, Wilson Uwujaren said he had no official briefing on the development but with a promise to make available appropriate information, if any, to the media soonest.

The socialite was on major headlines in July 2021 following an extravagant burial organised for his late mother in Oba, Anambra State, with reports that over 200 cows were slaughtered for the ceremony.

Clearly, tongues started wagging due to the overly elaborate display of wealth and the development readily threw up controversies in the public domain about the real source of his wealth and financial resources.

In that well-attended and publicised funeral, several celebrities, top politicians, business personalities as well as popular artists struggled for attention with their financial and material donations while gracing the occasion in their large numbers.

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