Obi Cubana in EFCC net over money laundering, tax evasion

By our reporter/ The Economic and Financial Crimes Commission (EFCC) has detained Obi Cubana, the Abuja-based business mogul, for alleged money laundering.

Cubana, real name, Obinna Iyiegbu, arrived at the headquarters of the EFCC at Jabi on Monday where he is undergoing interrogation.

A source at the anti graft agency who confirmed the development, said the 46-year-old socialite was pulled in over alleged money laundering and tax fraud.

Obi Cubana came to national attention earlier this year following lavish burial of his mother.

Explaining the rationale behind the lavish funeral ceremony in honour of his late mother his open display of wealth, he said, ” I don’t have time for people who want to tell me how to spend the money that I made through my own efforts. It’s waste of time replying to such people. They’re only criticising me because they don’t want others to succeed,” he said.

See also  Rivers Assembly halts impeachment proceedings against Fubara, deputy

“We didn’t plan it (the burial) this way. It’s not about money. Money couldn’t have gotten us such a huge crowd, it was out of the goodwill that I enjoy from the public.”

Leave a Reply