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The Economic and Financial Crimes Commission (EFCC) on Thursday night released popular socialite and businessman, Obinna Iyiegbu popularly known as Obi Cubana.
The anti-graft agency freed the Anambra-born tycoon after undergoing intense interrogation by operatives of the commission for 72 hours.
TheNewsGuru.com, TNG reports that Obi Cubana was on Monday arrested by the EFCC over allegations of money laundering and tax evasion.
EFCC spokesperson, Wilson Uwujar confirmed the release of the billionaire.
“It is true”, Uwujaren said while declining further comment on the matter.
A source at the commission however said Cubana would be prosecuted for the allegations levied against him.
Cubana, who spent three night 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.
It was however not confirmed if the agency gave him his passport upon his release from their custody on Thursday night.