The Economic and Financial Crimes Commission (EFCC) has revealed that billionaire club owner, Obinna Iyiegbu, popularly known as Obi Cubana, is still in their custody amid reports alleging the socialite was released on Tuesday.
This is contrary to earlier reports that the billionaire businessman was released on administrative bail on Tuesday, after he was arrested by the EFCC for alleged money laundering and tax fraud on Monday, November 1.
KanyiDaily recalls that yesterday Cubana had hinted about his release on Instagram where she shared a picture of himself smiling, with the caption: “Okpataozueora! I love you ALL!!❤❤❤❤❤. Unbroken. #manoftheyear2021.”
Onwumelu Valentine (@instigator_ph), described as Cubana’s friend and colleague by TheCable, also confirmed that the businessman was released on Tuesday.
https://www.instagram.com/p/CVxpCnWL7KG/?utm_source=ig_embed&ig_rid=ea857652-45f2-4260-9999-4e84abb546c8
Obi Cubana Still In EFCC Custody, His Passport Seized
It was gathered that the anti-graft agency quizzed the Anambra-born socialite for the second day on Tuesday at its headquarters in Abuja, following his arrest on Monday for alleged money laundering and tax fraud.
According to Punch, a source disclosed that the EFCC also confiscated Cubana’s passport and travel documents to prevent him from leaving the country while under investigation.
The source said, “Obi Cubana has not been released, he is still having quality sessions with investigators over alleged money laundering running into millions of naira and tax fraud.
“He will be released when he has satisfactorily responded to all questions relating to his involvement in various illegal deals. As part of investigation, his travel document has been temporarily seized pending the conclusion of investigations.”
The EFCC spokesman, Wilson Uwujaren, also confirmed that Obi Cubana is still in their custody, adding that he has no information on the seizure of his passport.
KanyiDaily had reported how Obi Cubana was arrested by EFCC operatives and taken to their headquarters in Abuja on Monday afternoon, 1st November.
The reason for his arrest was sketchy, but a source disclosed that the socialite was being interrogated by the EFCC over alleged money laundering and tax fraud.
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