After spending three nights in EFCC’s custody, Obi Cubana regains freedom

The Economic and Financial Crimes Commission (EFCC) has released Obinna Iyiegbu, aka Obi Cubana, three days after he was detained by the anti-graft agency for alleged money laundering and tax fraud.

The Anambra-born club owner, who was arrested on Monday, was reportedly released on Thursday evening.

During his stay with the EFCC, he was quizzed several times over his alleged involvement in money laundering and tax fraud.

EFCC spokesperson, Wilson Uwujaren confirmed the release of the billionaire to The Guardian.

“It is true”, Uwujaren said while declining further comment on the matter.

A source at the commission told the NewsClickNgr that 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.

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