Featured Metro Politics News

EFCC releases Obi Cubana after three nights in custody

Popular socialite and businessman, Obinna Iyiegbu, also known as Obi Cubana, has been released from the custody of the Economic and Financial Crimes Commission (EFCC).

The Anambra-born tycoon was released on Thursday evening after undergoing intense interrogation by operatives of the commission for 72 hours.

Cubana was on Monday arrested by the EFCC over allegations of money laundering and tax evasion.

EFCC spokesperson, Wilson Uwujaren confirmed the release of the billionaire to The Guardian.

“It is true”, Uwujaren said while declining further comment on the matter.

A source at the commission told the Guardian that Cubana would be prosecuted for the allegations levied against him.

Cubana, who spent three nights with the anti-graft agency, according to the source was released after he perfected his bail conditions.

Obi Cubana had arrived the headquarters of the EFCC at Jabi Abuja at about noon on Monday November 1, 2021.

The EFCC reportedly confiscated the passport of the businessman, to prevent him from leaving the country while under investigation.

The Guardian couldn’t confirm whether his passport was given back to him after regain his freedom.

Related posts

Stop attacking airline workers over flight delay, cancelation, AON warns unruly passengers

Our Reporter

SPDC appeals court’s order on MD, 2 others–Official

Editor

CBN proposes eNaira for $800m cash transfer scheme

Editor

Cut governance cost, Catholic bishops tell Tinubu

Editor

Lagos: Sanwo-Olu promises to remobilise contractor to Pen Cinema flyover

By Shile GIWA

Reports Osinbajo flouted due process in supervision of agencies false, misleading — Aide

By Shile GIWA