Obi Cubana freed after 24 hours in EFCC custody

Well respected socialite and businessman, Obinna Iyiegbu (aka Obi Cabana) was, yesterday, freed after spending about 24 hours in the custody of the Economic and Financial Crimes Commission, EFCC, in Abuja, and to be prosecuted lated for currency abuse, others.

The 46-year-old nightclub promoter confirmed his Freedom in a very brief post via his Instagram page, saying he remains “unbroken.”“Okpataozueora! I love you all! Unbroken #manoftheyear2021,” he wrote.

According to report, we understand that he was released on administrative bail.

“The trial of the businessman and socialite is not taking place immediately. We will put all things in place before the prosecution begins,” the official hinted.

When he was asked why the trial would not commence at once, the source said there were many issues for which Obinna would be charged.

Among the charges are those bordering on abuse of the naira, tax fraud and money laundering based on what the source called “verified business transactions.”

It will be recalled that the EFCC had on Monday invited the businessman to its head office to answer questions on sundry issues, which the agency merely classified as tax fraud and money laundering but declined to give specifics, apparently to avoid jeopardising the probe.