Nigerian businessman, Obinna Iyiegbu popularly known as Obi Cabana, on Thursday night left the headquarters of the Economic and Financial Crimes Commission after spending three nights with investigators who grilled him on alleged tax fraud, currency abuse and money laundering
Spokesman for the EFCC, Wilson Uwujaren, confirmed late on Thursday that Cubana had been released from its custody.
Also Read: Popular Socialite and Businessman, Obi Cubana in EFCC net
Cubana had been held and interrogated since monday afternoon, but the details of his alleged offences have not been made public as at the time of his being admitted to administrative bail.
However, there are indications that the businessman would be summoned in future to defend himself in court, over issues relating to currency abuse, tax fraud and money laundering based on what a top source called ‘verified business transactions’.
It will be recalled that the EFCC had on Monday invited the businessman to its head office to answer some questions which the agency classified as tax fraud and money laundering but declined to give specific details, perhaps to avoid jeopardising the probe.
It will also be recalled that Obi Cubana came to the spotlight after the flamboyant burial he and his followers staged for his late mother earlier this year.
It is unclear if Cubana’s ordeal with the agency is related to the way local and hard currencies were sprayed during the burial ceremonies of his mother or whether there are other issues related to his questioning by the operatives of the EFCC.
Reporter: Enemaku Editor: Omor Bazuaye
