Popular aristocrat and Chairman of Cubana Group of Companies, Obi Iyiegbu a.k.a Obi Cubana has been invited by the National Drug Law Enforcement Agency for having possible involvements with illegal drug business.
Daily Report Nigeria gathered that he was interrogated at the Abuja headquarters of the NDLEA for about five hours before being granted bail to go get some documents that would be presented to the NDLEA.
He was asked to return at a later date.
We also gathered from reliable sources that three convicted drug dealers from India, Malaysia, and Nigeria made suspicious payments into his account, and based on his suspected involvement with them, operatives of the Economic and Financial Crimes Commission as well as the National Drug Law Enforcement Agency have now widened the probe into Cubana and his business network.
According to a source, “Obi Cubana arrived at the NDLEA office around 9 am and responded to questions for some hours before he was granted bail at 2 pm. There are suspicions that he may be a drug kingpin. Some convicted drug dealers paid funds into his account.
We have been able to establish three of such payments. One of the persons that paid money into his account was convicted in Kuala Lumpur, Malaysia; another one that was convicted in New Delhi, India; also paid money into his account while a third person was arrested at the Murtala Muhammed International Airport, Lagos, and convicted in 2017, also paid money into Cubana’s account”.
Mr. Femi Babafemi, spokesman of the NDLEA has however refused to make comments on the issue.
It will be recalled that Cubana was in the spotlight sometime last year for organizing a flamboyant burial ceremony for his late mother, Ezinne Iyiegbu in Oba, Idemili South Local Government Area of Anambra State which was attended by several entertainers and distinguished politicians from across the country.
The highlight of the ceremony was the lavish display and spray of large bundles of money by invited guests.
Upon questioning about the source of his wealth, Cubana told BBC that he ventured into the real estate business where he was contracted to furnish houses, got a contract with the Pipelines and Product Marketing Company and later delved into the hospitality sector where he has made billions of Naira.
He was however detained by the EFCC in November last year for investigations into money laundering, tax fraud, and other financial crimes before he was released with a condition that he would continue to report back for questioning.
Obi Cubana Still in Custody, Passport Seized – EFCC Spokesman
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