The Economic and Financial Crimes Commission (EFCC) has revealed why they are yet to release Nigerian billionaire businessman, Obi Cubana.

The socialite who was arrested by by the anti-graft agency on Monday afternoon, November 1st, over alleged money laundering and tax fraud, has remained in custody, today making it the third day.

According to Vanguard, an EFCC official confirmed that the socialite is still being interrogated and his release depends on his ability to perfect his bail conditions.

“There are many things for which the businessman is being interrogated and until he meets the conditions for his bail, the interrogation would continue,” Vanguard quoted the official saying.

Meanwhile, Ebele Iyiegbu, wife of the billionaire businessman, Obi Cubana has broken her silence following reports that her husband has been arrested by EFCC.

She shared photos of him on her page, describing him as a strong, resilient, and hard working man, while praying that this phase would pass soon.

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