The Anambra-born socialite and businessman Obinna Iyiegbu aka Obi Cubana, has been released three days after his arrested by the Economic and Financial Crimes Commission for alleged money laundering.

The EFCC spokesman, Wilson Uwujaren, confirmed in a statement that Cubana has been released on administrative bail.

During his stay with the EFCC, he was quizzed over his alleged involvement in money laundering and tax fraud, among other illicit financial deals.

However information from a reliable source have it that Cubana may be required to visit the EFCC headquarters from time to time until the conclusion of the investigation.

Source: Punch News