According to reports, the businessman was released on administrative bail.
By Omotayo Olutekunbi
Obinna Iyiegbu, a Nigerian businessman and socialite known as Obi Cubana, has been released from the Economic and Financial Crimes Commission’s detention (EFCC).
The flamboyant businessman was reportedly released on administrative bail, according to multiple sources.
Since then, the businessman has hinted at his release on his Instagram page.
“Okpataozueora! I love you ALL!!❤❤❤❤❤. Unbroken. #manoftheyear2021,” he wrote.
The EFCC detained Obi Cubana on Monday, November 1, 2021.
His case, according to Punch, involves alleged money laundering and tax fraud.
“Obi Cubana was arrested and brought to the EFCC headquarters on Monday afternoon over allegations of money laundering and tax fraud. He is being grilled by detectives as we speak,” a source told Punch.
Many Nigerians, including his close friends, associates, and family members, demanded his release after learning of his arrest.
The multi-billionaire made headlines earlier this year after his mother’s funeral, which many tabloids dubbed “the event of the year.”
In his hometown of Oba, Anambra state, the 46-year-old billionaire hosted the society’s creme de la creme.
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