Popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has been arrested by the Economic and Financial Crimes Commission for money laundering.

The Anambra-born club owner, who arrived the headquarters of the EFCC at Jabi, Abuja, around noon on Monday, was still at the commission office as of 10.11pm.

Allegations against the socialite were sketchy as of press time, but a source disclosed that his case bordered on alleged money laundering and tax fraud.

The source said, “Obi Cubana was arrested and brought to the EFCC headquarters on Monday afternoon over allegations of money laundering and tax fraud. He is being grilled by detectives as we speak.”

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The EFCC spokesman, Wilson Uwujaren, said he had yet to be briefed on the development.

Obi Cubana made headlines in July when he hosted a lavish burial for his mother in Oba, Anambra State, as over 200 cows were reportedly slaughtered.