Obi Cubana to spend second night in EFCC custody

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The Economic and Financial Crimes Commission (EFCC), yesterday said, the popular socialite and businessman, Obinna Iyiegbu, also known as Obi Cubana, is still in its custody 24hours after his arrest,
  
Reports about his release had gone viral on social media platforms on Tuesday. The purported news about his release was shared by his colleague and friend, Instigator PH via his Instagram page.
  
He wrote: “Thank u Jesus!! @obi_cubana is free. We gat Jesus!!! . Dis Dance is for all my fans. I love you all.”

But a top official at the commission, with knowledge on the matter, told The Guardian that the Anambra-born tycoon is still with the anti-graft agency. 
  
Cubana was on Monday arrested by the EFCC over allegations of money laundering and tax evasion.
  
The billionaire had arrived at the headquarters of the EFCC at Jabi Abuja at about noon on Monday November 1, 2021. Since then, details about the allegations against the socialite might be sketchy. 
  
Cubana, who may spend a second night with the anti-graft agency, according to a source, might be released only on an administrative bail.  

“He is still with us”, the source said. 
  
When contacted, EFCC spokesperson, Wilson Uwujaren, said he was yet to be briefed on the development.
  
The billionaire came into the spotlight after he and his group of rich friends turned his mum’s burial into a ‘money carnival’ in Oba, Anambra State.

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