Tuesday, November 29

Breaking : EFCC arrests Obi Cubana over Money laundering.

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Socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been arrested by the Economic and Financial Crimes Commission, EFCC.

The Anambra-born tycoon, who arrived the headquarters of the EFCC at Jabi Abuja at about noon on Monday, was still being interrogated by operatives of the Commission as at 10:30 pm.

Though allegations against the socialite were sketchy as of press time, a source disclosed that his case borders on alleged money laundering and tax fraud.

READ ALSO: Cyberbcrime: EFCC arrests 2 herbalists, 24 others in Ibadan

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

It was unclear as at press time, if the businessman, who commands large followers across Nigeria, would sleep in EFCC cell or be released on bail to go home before daybreak.

Mr Iyiegbu held a lavish funeral for his mother, Ezinne Iyiegbu, in Oba, Anambra State in July.

Since the talk-of-the-town burial, Mr Iyiegbu has become an inspirational grass-to-grace figure appearing in interviews where he told stories of how he started in a one-room apartment as a fresh graduate undergoing the mandatory national youth service in Abuja in 1999

He told BBC Pidgin that he started as an estate agent and made his first N1 million through a house furnishing contract he got at that time.

Today, he sits atop sprawling investments in entertainment, hospitality, real estate, among others.

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