BREAKING: EFCC Arrests Obi Cubana For Tax Fraud, Money Laundering
Obi Cubana.

Obi Cubana has been arrested by EFCC for tax fraud and money laundering.

Newsone understands that operatives of the Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft agency, on Monday, November 1, arrested popular socialite and businessman, Obinna Iyiegbu, better known as “Obi Cubana“,


This online news platform understands that Obi Cubana, who arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday, is currently being interrogated by EFCC operatives, a report by PUNCH newspaper said.

Though allegations against the Anambra-born club owner, were sketchy as of press time, the report quoted a source to have disclosed that his case borders on alleged money laundering and tax fraud.


The source said, “Obi Cubana was arrested and brought to the EFCC headquarters on Monday afternoon over allegations of money laundering and tax fraud. He is being grilled by detectives as we speak.”

The EFCC spokesman, Wilson Uwujaren, said he has yet to be briefed on the development.

Newsone Nigeria recalls that Obi Cubana made headlines when he hosted an ostentatious burial for his mother in Oba, Anambra State, southeast Nigeria in July 2021.

At the burial ceremony, over 200 cows were reportedly killed. The lavish display of wealth set tongues wagging with many Nigerians wondering about his source of wealth.


Several celebrities, business people and politicians turned out in large numbers for the funeral.

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