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Monday, May 18, 2026

Obi Cubana Regains Freedom After Three Nights In EFCC Custody

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Three days after he was detained by the Economic and Financial Crimes Commission (EFCC) for alleged money laundering, popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been released.

The Anambra-born club owner, who was arrested on Monday, breathed the air of freedom on Thursday evening.

The EFCC spokesman, Wilson Uwujaren, confirmed that Cubana had been released.

During his stay with the EFCC, he was quizzed several times over his alleged involvement in money laundering and tax fraud.

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