Obinna Iyiegbu, also known as Obi Cubana, a wealthy businessman, has been arrested by the Economic and Financial Crimes Commission.
Obi Cubana, who came at the commission’s office in Abuja on Monday afternoon, is being questioned by anti-graft officers, according to InsightnaijaTV.
According to a source who talked with Punch, his case involves 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.”
Obi Cubana became a social media sensation a few months ago after a large sum of money was spent on his mother’s funeral.
The event drew a number of well-known figures and celebrities from across the country.
Mr Iyiegbu, a rumored source of money, urged young Nigerians to abandon their quest for wealth through illicit means, adding he had no soap for anyone to cut.
Cubana said he broke through when he earned his first million Naira following his National Youth Service Corps program in Abuja, in an interview with BBC Pidgin earlier this year.
The man who just lost his mother with tremendous fanfare claimed he was exposed to the real estate business in Abuja, where he met a client who wanted to furnish a house. Obi received a donation of 500,000 Naira after equipping the house for the client, as well as a profit of approximately 600,000 Naira.
According to him, “This was the first N1.1 million I earned before joining contract work in Abuja. I signed a contract with PPMC, I made some money, then I bought my Mercedes V-boot. I invested the money I earned in a garden brewery before creating Cubana Group.
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