Just In: EFCC Arrests Billonaire Obi Cubana
News just reaching Vondigest.com has it that socialite and billionaire 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.
From what this online media gathered, the allegations against the socialite were sketchy as of press time but a source disclosed that his case borders on alleged money laundering and tax fraud.
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 midnight.
It would be recalled that Obi Cubana did a lavish burial ceremony for his mother in July this year where over 200 cows was used during the burial. It was more like a week-long carnival in his native town of Oba in Anambra State.
Nigerian celebrities and top diginitries mostly from the Eastern part of the country stormed Oba to witness the great occasion.
The burial of his mother actually brought the eyes of the public on this young billonaire and people began to question the source of his money and how a young man could amass such wealth at his age.
The lavish burial ceremony must have also caught the eyes of EFCC officials to start digging into the source of Obi Cubana’ wealth.
As of the time of filing this report, EFCC is yet to make an official statement concerning his arrest but sources are saying it has to do with alledged money laundering and tax fraud.