Nigerian socialite, Obi Cubana has been released by the Economic and Financial Crimes Commission (EFCC).
Obi Cubana was arrested on Monday over allegations of money laundering and tax fraud.
He has now been freed after perfecting the conditions attached to the bail for his release.
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.
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