Renowned billonaire, Obi Cubana, has spent the night in the custody of the Economic and Financial Crimes Commission (EFCC), for the second time.
He was arrested on Monday based on money laundering and tax fraud allegations by the agency.
On Tuesday, Onwumelu Valentine, the businessman’s friend and colleague, claimed that he had been released from custody.
“Thank u Jesus!! @obi_cubana is free. We gat Jesus!!! . Dis Dance is for all my fans. I love u all,” he had announced via his Instagram page.
However report has reached Freelanews that the business tycoon remains at EFCC’s custody.
According to the source, he wasn’t granted administrative bail.
“You can’t be granted bail and you’ll still be in the custody. You can be offered bail but if you have not met the condition, you’ll still be around.”
Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.
