Popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been arrested by the Economic and Financial Crimes Commission for money laundering. 

The Anambra-born club owner,  who arrived the headquarters of the EFCC at Jabi, Abuja, at about noon on Monday, is currently being interrogated by operatives of the commission.

Though allegations against the socialite were sketchy as of press time, a source 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.”

When contacted, the spokeperson for the EFCC, Wilson Uwujaren, said he had yet to be briefed on the development.

Naijatimes recalls that Obi Cubana held a lavish funeral for his mother, Ezinne Iyiegbu, in Oba, Anambra State in July.

Since the talk-of-the-town burial, Obi Cubana has become an inspirational grass-to-grace figure appearing in interviews where he told stories of how he started in a one-room apartment as a fresh graduate undergoing the mandatory national youth service in Abuja in 1999.

He told BBC Pidgin that he started as an estate agent and made his first N1 million through a house furnishing contract he got at that time.
Today, he sits atop sprawling investments in entertainment, hospitality, real estate, among others.