Popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been arrested by the Economic and Financial Crimes Commission for money laundering. 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.”
Obi Cubana made headlines in July when he hosted an ostentatious burial for his mother in Oba, Anambra State, in which over 100s of 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..
There are permutations and fear all over the places,that this arrest might be politically motivated due to the coming Anambra state governorship election,which the Buhari led federal government knew could be influence by the affluence of the billionaire Obi Cubana
The election is scheduled for this coming Saturday 6th of November,2021.
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