Nigerian billionaire Businessman, Obinna Iyiegbu aka Obi Cubana, has allegedly been arrested by the Economic and Financial Crimes Commission (EFCC) for money laundering and fraud.

According to reports, the Economic and Financial Crimes Commission arrested the business mogul who arrived at the headquarters of the EFCC at Jabi, Abuja is still under interrogation by the EFCC operators.

A source disclosed that Obi Cubana has been arrested on grounds of alleged money laundering and tax fraud.

“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 source said.

Obi Cubana made headlines earlier in the year after the burial of his mother which was themed ‘The event of the year’ by many tabloids.

More updates soon….

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