The Economic and Financial Crimes Commission (EFCC) has said bail conditions must be met before billionaire entrepreneur Obinna Iyiegbu aka Obi Cubana, will be released.
Obi Cubana, who honoured an invite to the office of the EFCC to answer questions bordering on alleged offences of money laundering and tax fraud, is still in the custody of the anti-graft agency.
An EFCC official confirmed to Vanguard, that the businessman was still being grilled.
According to the official, the businessman was expected to satisfy the bail conditions laid out by the EFCC.
There are many things for which the businessman is being interrogated and until he meets the conditions for his bail, the interrogation would continue,” the official said without specifically naming what the socialite is being grilled for.
But among the likely charges are an abuse of the Naira, tax fraud and money laundering based on what the source called ‘verified business transactions’.
On Monday, 1st November, reports of the arrest of billionaire businessman, Obi cubana on social media and news platforms sparked serious conversations amongst Nigerians.
Source; Bibian Anekwe News
