Home NEWS Why Obi Cubana Is Still With Us – EFCC

Why Obi Cubana Is Still With Us – EFCC

The Economic and Finacial Crime Commission, EFCC has confirmed to the news the arrest of businessman and bar owner Obinna Iyiegbu known well as Obi Cubana, and have given reasons for detaining him.

Popular bar owner Obi Cubana was picked up by EFCC on Tuesday evening for interrogation. According to reports, Obi Cubana was arrested by EFCC on Tuesday evening for money laundering and tax fraud.

EFCC has confirmed to Vanguard that the businessman is still in their custody as he was not able to meet up to his bail conditions. The operative stated that there are a lot of things Obi Cubana is being interrogated on and will still be in their custody until the terms of the bail are met.

“There are many things for which the businessman is being interrogated and until he meets the conditions or his bail, the interrogation would continue,” the official said.

Some likely charges Cubana would face are the abuse of the Naira, tax fraud, and money laundering based on the evidence and his verified business transactions.

It would be recalled that Obi Cubana had eyes on him when held a flamboyant funeral for his late mother. It is not clear if that instance is related to his questioning by the operatives.


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