Update: Obi Cubana still under fire with EFCC

By Deborah Dan-Awoh

Contrary to earlier reports the business man, Obi Cubana is still in custody of the EFCC and his passport has been seized.

Obi Cubana, Chairman of Cubana Group.

Based on reports, the Economic and Financial Crimes Commission(EFCC) has seized the passport of influential business man, Obi Cubana.

According to the Punch news, the Financial Crimes Commision seized his passports to prevent the socialite from leaving the country amidst investigation.

Contrary to earlier reports of Obi Cubana's release, the billionaire is still in being detained in EFCC custody.

“Obi Cubana has not been released, he is still having quality sessions with investigators over alleged money laundering running into millions of naira and tax fraud.

“He will be released when he has satisfactorily responded to all questions relating to his involvement in various illegal deals. As part of investigation, his travel document has been temporarily seized pending the conclusion of investigations.” a source from Punch stated.

Wilson Uwujaren, EFCC spokesman, who confirmed the news of Obi Cubana's further detainment, said he had no information at the time of this report about the seizure of the businessman's passport.

On Monday, 1st of November, Obi Cubana was officially arested by the EFCC , for alleged money laundering and tax fraud.