Obi Cubana Arrested by EFCC over Money Laundry Allegations

Socialite and business man Obinna Iyiegbu, popularly known as Obi Cubana was arrested by the EFCC yesterday, 1st November 2021, over allegations involving Money Laundry and Tax Fraud, and have arrived EFCC headqauters in Abuja the same day.




The CEO of Cubana Group made headlines in mid-2021 when he hosted a talk-of-the-town funeral for his mother in Oba, Anambra State, in which over 200 cows were reportedly killed,


However, Obi Cubana in a video interview by the BBC Igbo, clarified that he never expected things to turn out the way it did, hinting that it was his friends and colleagues took care of almost everything used in the burial.



“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.”


On his arrest,  Punch reports that the club owner who arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday November 1, is currently being interrogated by operatives of the commission. A source in the commission claimed his case borders on alleged money laundering and tax fraud.


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