The Economic and Financial Crimes Commission (EFCC) has said billionaire businessman, Obinna Iyiegbu aka Obi Cubana, will not be released until he perfects his bail conditions.
Obi Cubana is still with the anti-graft agency in Abuja as at Wednesday.
An EFCC official confirmed to Vanguard Newspaper, that the businessman was still being grilled.
The official did now, however, give details of what the businessman was expected to do to satisfy the bail conditions.
“There are many things for which the businessman is being interrogated and until he meets the conditions for his bail, the interrogation would continue,” the official said, without explaining what the issues linked to Cubana are.
But among the likely charges are those bordering on abuse of the Naira, tax fraud and money laundering based on what the source called ‘verified business transactions’.
We recall that the EFCC had, on Monday, invited the businessman to its head office to answer questions on sundry issues.
Days following Burna Boy's donation of N50 million to Bethela young man claiming to be Burna Boy's brother has become… Read More
Yul Edochie, turned 43 on January 7, 2025. He took this chance to express gratitude to God for life. He… Read More
Temi Otedola, took to social media to celebrate a decade in her career. In an emotional post, she talked about… Read More
Linc Edochie has been accused by online users of making fun of his younger brother, Yul Edochie, on his 43rd… Read More
Nigerian singer Ayo Balogun, known as Wizkid, and his partner Jada Pollock have welcomed their third child. Wizkid confirmed the… Read More
Kiddwaya, recently expressed his views on starting a career in music on social media. The tweet appeared to be a… Read More
This website uses cookies.