The Socialite and businessman, Obinna Iyiegbu (aka Obi Cabana) was, yesterday, released after spending about 24 hours in the custody of the Economic and Financial Crimes Commission, EFCC, in Abuja.
Onwumelu Valentine, the businessman’s friend and colleague, announced this via his Instagram page yesterday evening.
"Thank u, Jesus!! @obi_cubana is free. We gat Jesus!!! Dis Dance is for all my fans. I love u all,” he wrote.
The 46-year-old nightlife promoter also confirmed his release in a terse post via his Instagram page, saying he remains “unbroken.”
“Okpataozueora! I love you all! Unbroken #manoftheyear2021,” he wrote.
Globalvoice learnt that he was released on administrative bail.
But, a top source told globalvoice that although the anti-graft agency plans to prosecute Cubana for sundry economic and financial offences, the trial would not commence any time soon.
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.”
Recalled that globalvoice had on Monday reported that the EFCC 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.
