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Why we haven’t released Obi Cubana – EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed why they are yet to release the renowned entrepreneur, Obi Cubana.

It is no longer news that the entertainment magnate was arrested on Monday, 1st November 2021 over alleged money laundering and tax fraud.

According to Vanguard, who had a brief interview with an official of the security agency, disclosed that the Anambra-born billionaire is yet to be released due to his inability to meet up with the outlined bail conditions.

Cited from Vanguard, the official said:

“There are many things for which the businessman is being interrogated and until he meets the conditions for his bail, the interrogation would continue.”

However, the official didn’t highlight the conditions required for Obi Cubana’s bail.

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