Why Obi Cubana Is Still In EFCC Custody

• Details of why Obi Cubana is still in the EFCC custody has emerged.

 

 

EKO HOT BLOG reports that the interrogation of socialite and businessman, Obinna Iyiegbu, popularly known as Obi Cabana, entered the third day, on Wednesday, without any hint of when he would perfect his bail and leave the anti-graft agency in Abuja.

An official of the Economic and Financial Crimes Commission (EFCC) confirmed to Vanguard in a report monitored by EKO HOT BLOG that the businessman was still being grilled and that his release was hinged on his ability to perfect his bail conditions.

 

The official did not, however, give details of what the businessman was expected to do to satisfy the bail conditions.

“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 explaining what the issues linked to Cubana are.

But among the likely charges are those bordering on abuse of the Naira, tax fraud and money laundering based on what the source called ‘verified business transactions’.

It would be recalled that the EFCC had, on Monday, invited the businessman to its head office to answer questions on sundry issues.

READ ALSO: JUST IN: Obi Cubana’s Wife Breaks Silence, Reacts To EFCC Arrest

The agency merely classified the issues as tax fraud and money laundering but declined to give specifics.

It would also be recalled that Obi Cubana came to the spotlight following the flamboyant burial he and his followers staged for his late mother earlier this year.

It is not clear if the invitation by the EFCC to Cubana is related to the way local and hard currencies were sprayed during the obsequies of his mother.

Or whether there are other issues related to his questioning by the operatives of the anti-graft agency.

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