EFCC Shares Why Obi Cubana Is Still In Their Custody

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The Economic and Financial Crimes Commission (EFCC) has revealed why they are yet to release Nigerian billionaire businessman, Obinna Iyiegbu aka Obi Cubana.

JUST IN: EFCC Arrest Obi Cubana For Money Laundering

According to Vanguard, an official of the security agency disclosed that the Anambra-born billionaire is yet to be released due to his inability to meet up with the outlined bail conditions.

Cited from Vanguard, the official said:

“There are many things for which the businessman is being interrogated and until he meets the conditions for his bail, the interrogation would continue.”

However, the official didn’t highlight the conditions required for Obi Cubana’s bail.


Obi Cubana was arrested by the Economic and Financial Crimes Commission (EFCC) on Monday, November 1, 2021.

Obi Cubana is said to have been arrested for alleged money laundering and tax fraud.