Nigerian billionaire businessman, Obinna Iyiegbu, also known as Obi Cubana, is reported to still be in EFCC custody after the news of his release went viral hours ago.

According to the PUNCH, the passport of the business mogul has been seized to ensure that he doesn’t leave the country during the interrogation process.

A source also revealed that Obi will be released when he has satisfactorily responded to all questions relating to his involvement in various illegal deals.

The source said;

“Obi Cubana has not been released, he is still having quality sessions with investigators over alleged money laundering running into millions of naira and tax fraud.

“He will be released when he has satisfactorily responded to all questions relating to his involvement in various illegal deals. As part of investigation, his travel document has been temporarily seized pending the conclusion of investigations.”

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The EFCC spokesman, Wilson Uwujaren confirmed that the Cubana Groups CEO is still in the agency’s custody, but stated that he has no information as regards his seized passport.