The Economic and Financial Crimes Commission (EFCC) has arrested Obi Cubana for money laundering.
The chairman of Cubana Group, Obi Iyiegbu was at the Commision’s Headquarters on Monday evening where he is being grilled.
A source told newsmen that the businessman is being interrogated in relation with alleged tax fraud and many laundering.
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’s lavish display of wealth that came to the spotlight on and after the burial of his mother drew both praise and criticism from many Nigerians, and definitely set the government’s searchlights on him.