Economic and Financial Crimes Commission (EFCC) has granted administrative bail to socialite and businessman, Obinna Iyiegbu aka Obi Cabana.
He was arrested on Monday, November 1 for alleged money laundering and tax evasion and he spent the night in the antigraft agency’s facility.
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A source close to the case confirmed to TheVanguard that the socialite had been granted bail but was yet to perfect the conditions attached to the bail for his release.
The official said;
Yes, he has been granted bail but he is yet to meet the conditions for his release. Yes, he has been granted bail but he is yet to meet the conditions for his release.
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A top source explained that although the anti-graft agency plans to prosecute Cubana for sundry economic and financial offences, the trial would not commence any time soon.
