Obinna Iyiegbu, popularly known as Obi Cubana has been arrested by the Economic and Financial Crimes Commission (EFCC) for tax fraud and money laundering.
The operatives of the EFCC, Nigeria’s anti-graft agency, on Monday, November 1, 2021, arrested the popular socialite and businessman.
It was gathered that Obi Cubana, who arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday, is currently being interrogated by EFCC operatives.
Though allegations against the Anambra-born club owner were sketchy as of press time, the report quoted a source to have disclosed that his case borders on alleged money laundering and tax fraud.
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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.
Recall that Obi Cubana made headlines when he hosted an ostentatious burial for his mother in Oba, Anambra State, southeast Nigeria in July 2021.
Several celebrities, businesspeople and politicians turned out in large numbers for the funeral.
At the burial ceremony, over 200 cows were reportedly slaughtered. The lavish display of wealth set tongues wagging with many Nigerians wondering his source of wealth.
