Cubana in EFCC net over alleged money laundering

The Economic and Financial Crimes Commission has arrested Obi Cubana, a popular Abuja-based businessman, for alleged money laundering.

The 46-year-old socialite is being interrogated at the headquarters of the EFCC, Jabi Abuja, after his arrest on Monday and was still with the commission as of 10.30pm.

The arrest of the socialite was said to be in connection with alleged tax fraud, apart from money laundering alegations.

Spokesman for the EFCC, Wilson Uwujaren, when contacted, said he was yet to be briefed on the development.

Obi Cubana, whose real name is Obinna Iyiegbu, become a viral sensation after he buried his mother, who died in December last year, in grand style.

The entrepreneur has featured in comedy skits.

He had earlier revealed why he threw a lavish funeral ceremony in honour of his late mother with an open display of wealth.

“I don’t have time for people who want to tell me how to spend the money that I made through my own efforts. It’s waste of time replying to such people. They’re only criticising me because they don’t want others to succeed,” he said.

He added, “We didn’t plan it (the burial) this way. It’s not about money. Money couldn’t have gotten us such a huge crowd, it was out of the goodwill that I enjoy from the public.”