Obi Cubana Arrested for Money Laundering and Tax Fraud by EFCC

Nigerian businessman, billionaire and socialite Obi Cubana has allegedly been arrested by the Economic and Financial Crimes Commission (EFCC).

Obi Cubana is allegedly in custody and is suspected of alleged money laundering and tax fraud.

According to reports, the Anambra-born club owner, real name Obinna Iyiegbu, was picked up noon Monday by operatives at the EFCC.

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He was taken to the organisation’s headquarters at Jabi, Abuja, where he was interrogated by EFCC officials.

Instablog 9ja insists he faces charges of alleged money laundering and tax fraud.

Obi Cubana follows in the footsteps of Mompha who was the last socialite to get major issues with the EFCC.

The Economic Crimes and Financial Commission (EFCC) deal with such cases of financial fraud.

They often go after people in the public eye who live lavish lifestyles but cannot explain the source of the wealth.

Obi Cubana became a high profile public figure earlier this year after his mum passed.

The extravagance displayed during her funeral brought the eyes of the entire Nigeria on Cubana and turned him into an A-list celebrity.

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Apparently, the EFCC were also monitoring activities and have now arrested him.

Source: Nigeriabombshell.com

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