Popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been released by the Economic and Financial Crimes Commission (EFCC).

The Anambra-born tycoon, was arrested on Monday and taken to the headquarters of the EFCC at Jabi Abuja.

Our source said he was released at about 1 p.m. on Tuesday

The socialite is believed to be answering a case that borders on alleged money laundering and tax fraud.

Recall that an EFCC source had told BBC Pidgin that the businessman was not arrested as widely reported.

The source said the socialite was invited two weeks ago but only showed up yesterday, 1st November.

“We did not arrest Obi Cubana. We had invited him over to our office two weeks ago, which he only showed up yesterday around 11 am in our office at Wuse Zone 6 Abuja”

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