Obi Cubana Arrested: Billionaire club owner arrested by EFCC for money laundering and tax fraud

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

Obi Cubana is being questioned at the EFCC’s headquarters in Abuja. He reportedly arrived at the commission this afternoon.

Obi Cubana Arrested By EFCC

His case reportedly borders on alleged money laundering and tax fraud.

})(jQuery);

READ: Obi Cubana And Cubana Chief Priest Reacts As Lady Tattoos Their Names On Her Body

When contacted, the spokesman of the Commission, Wilson Uwujaren said he was yet to be briefed on the development.

Earlier in the year, Obi Cubana made headlines and trended on social media following a lavish burial ceremony for his late mother in Anambra state.

Obi Cubana owns over 10 nightclubs and lounges, including the newest ”Hustle and Bustle”. He is also into real estate partnering with the biggest real estate developer in Lagos State Kennedy Okonkwo.

ALSO READ: Cubana Sends Money To UNN Student Who Is Set To Be Expelled For Twerking [Video]

Kanyi Okeke

Kanyi is the Founder & Editor-in-Chief of KanyiDaily.com. When she's not serving DAILY delicious scoops on Entertainment and news, you can find her reading a book by the beach. Keep up with Kanyi on Instagram and Twitter or through her email Kanyi@KanyiDaily.com

Recent Posts

Asake’s Ex-Manager, Tunde Phoenix Slams Singer For Abandoning Sick Father, Plans GoFundMe

Tunde Phoenix, the former manager of Nigerian singer Ahmed Ololade, popularly known as Asake, has…

2 days ago

Fubara Writes Rivers Assembly Again, Proposes Wednesday For 2025 Budget Presentation

Rivers State Governor, Siminalayi Fubara, has once again written to the State House of Assembly,…

2 days ago

Chelsea Agree £40m Deal With Sporting To Sign Winger, Geovany Quenda

Chelsea have reached an agreement to sign Sporting CP winger Geovany Quenda, with the 17-year-old…

2 days ago

Demi Lee Moore Named Spotify EQUAL Africa Artist for March 2025

South African pop sensation Demi Lee Moore has been named Spotify EQUAL Africa's Artist for…

3 days ago

Nigerian Artists on Spotify Earn Record-Breaking Royalties, Surpassing ₦58 Billion in 2024

In a landmark achievement for Nigerian music, royalties generated by Nigerian artists on Spotify have…

3 days ago

Those Who Told Ifeluv To Dump My Cheating Son Would Later Insult Her For Being A Single Mother – Oluwadolarz’s Mum

Mummy Dolarz, the mother of Nigerian skit maker Oluwadolarz, has pleaded with his fiancée, Ifeoluwa…

3 days ago