Famous socialite and businessman Obinna Iyiegbu (aka Obi Cabana) was released yesterday after spending about 24 hours in the custody of the Economic and Financial Crimes Commission, EFCC, in Abuja.

The Anambra-born tycoon, who arrived at the headquarters of the EFCC at Jabi, Abuja at about 12 pm on Sunday was interrogated by operatives of the commission.

He was alleged to be involved in money laundering and tax fraud.

Obi Cubana recently caught media attention and has trended on social media, following the recent lavish burial ceremony of his mother in Oba, Idemili South Local Government Area of Anambra State.

Onwumelu Valentine, the socialite’s friend, and colleague announced via his Instagram page yesterday evening of Cubana’s release.

“Thank u, Jesus!! @obi_cubana is free. We gat Jesus!!! Dis Dance is for all my fans. I love u all,” he wrote.

It is understood that Obinna Iyiegbu was released on administrative bail.

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