EFCC Arrests Anambra Billionaire, Obi Cubana For Money Laundering And Tax Fraud

Obinwannem News EFCC Arrests Anambra Billionaire, Obi Cubana For Money Laundering And Tax Fraud

The popular Anambra young Billionaire, and Business Mogul, Obinna Iyiegbu, also known as Obi Cubana, has been arrested by the Economic and Financial Crime Commission ‘EFCC’.

According to the Punch Newspaper, Obi Cubana arrived at the EFCC Headquarters in Jabi, Abuja, on Monday afternoon, and is currently being interrogated by the Anti-graft Agency on allegations bordering around money laundering, and tax fraud.

Obinna Iyiegbu, or Obi Cuba as he is popularly known, made the headlines in July, 2021, when he threw a lavish funeral ceremony for his late mother at Oba in Anambra state.

The funeral was the talk of the town after over 200 cows were reportedly slaughtered, with several celebrities and politicians attending the ceremony in Private Jets.

The lavish funeral ceremony raised eyebrows about his source of wealth. Following his arrest, many Nigerians who had questioned the source of his wealth, will be waiting to see what the outcome of his interrogations by the EFCC will be.

Nwachineke Onyeke Chekwube reporting, Obinwannem news writer/ November 2, 2021

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