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

Obi Cubana arrested for money laundering

The Punch news recently reported the moment he arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday. He is said to be undergoing interrogation by operatives of the commission.

Though allegations about Obi Cubana’s arrest by EFCC were sketchy as of press time, a source disclosed that his case borders on alleged money laundering and tax fraud.

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.

The EFCC spokesman, Wilson Uwujaren, said he has yet to be briefed on the development.

Obi Cubana before his recent arrest 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.

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.