The Economic and Financial Crimes Commission (EFCC) has arrested billionaire businessman, Obinna Iyegbu popularly called Obi Cubana over many laundering accusations.
Cubana arrived the office of the EFCC on Monday afternoon and alleged have been questioned by operatives of the anti-graft agency.
A source told have told Punch that his case borders on alleged money laundering and tax fraud.
The source said that, “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 trended on social and mainstream media a few months ago following the lavish funeral he held for his late mother.
The ceremony was attended by notable people in entertainment, security operatives, top government functionaries, politicians, and captains of industry.
‘My breakthrough to wealth’ -Obi Cubana:
Mr Iyiegbu urged young Nigerians to give up seeking wealth through illegal means, saying he has no ‘soap’ for anyone to cut.
Speaking in an interview with BBC Pidgin earlier this year, Cubana said he had his breakthrough when earned his first million Naira after his National Youth Service Corps program in Abuja.
The one who buried his mom with great fanfare recently said it was in Abuja that he was introduced to the real estate business, where he met a client who wanted to furnish a house. After furnishing the house for the client, Obi received a donation of 500,000 Naira, as he also made over 600,000 Naira in profit for this work.
According to him, “This was the first N1.1 million I earned before joining contract work in Abuja. I signed a contract with PPMC, I made some money, then I bought my Mercedes V-boot. I invested the money I earned in a garden brewery before creating Cubana Group.
Read also:
I tried Several Businesses Before Fortune Smiled on Me – Obi Cubana (video)
JUST IN ! Obi Cubana Arrested for Money Laundering