Finally, three days after he was arrested by the Economic and Financial Crimes Commission for alleged money laundering, socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been released.
The Anambra-born club owner, who was arrested on Monday, was released on Thursday.
Obi Cubana made headlines in July when he hosted a lavish burial for his mother in Oba, Anambra State, as over 200 cows were reportedly slaughtered.
“He has been released,” EFCC spokesman, Wilson Uwujaren, simply said in a text message.
Obi Cubana, who was released on administrative bail is barred from travelling abroad until the full course of the investigations are concluded.
During his stay with the EFCC, he was interrogated over his alleged involvement in money laundering and tax fraud, among other illicit financial deals.
While still in custody, his family members and associates, in a bid to deceive the public, posted messages on social media that he had been released.
An old video showing the socialite having fun at a party was also posted online to give the impression that he was back home.
Sources confirmed that Cubana until the interrogations were fully carried out, he is not expected to travel outside Nigeria as his international passport has been seized by the EFCC and the Commission, under the administrative bail conditions, may require him to show up any time he is needed at its headquarters.