Home News Obi Cubana allegedly arrested for money laundering, tax fraud

Obi Cubana allegedly arrested for money laundering, tax fraud

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EFCC arrests Obi Cubana for money laundering, tax fraud

Popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been arrested by the Economic and Financial Crimes Commission for money laundering.

The Anambra-born club owner, who arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday, is currently being interrogated by operatives of the commission.

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.

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The source said, “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.”

Obi Cubana made headlines in July when he hosted an ostentatious burial for his mother in Oba, Anambra State, in which over 200 cows were reportedly killed.

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The lavish display of wealth set tongues wagging with many Nigerians wondering about his source of wealth.

Several celebrities, business people and politicians turned out in large numbers for the funeral.

Source: Punch

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5 COMMENTS

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  2. It is done everywhere in the World. You show off your wealth and the whole world start to watch you. Don’t blame EFCC. Blame Cubana. He is rich but when you start to lavish money like that, you are bound to be scrutinised until you can prove the source of your wealth.

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