The Economic and Financial Crimes Commission, EFCC has reportedly revealed that CEO of Cubana Group, Obinna Iyiegbu also known as Obi Cubana is still in its custody.
This is also as his passport was allegedly seized following his arrest on Monday November 1, for alleged money laundering and tax fraud.
According to The Punch, the seizure of his travel document was to prevent him from leaving the country while under investigation.
“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,” the source said.