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Cubana to be released.

A source confirmed that the socialite had been granted bail but was yet to perfect the conditions attached to the bail for his release.

Celebrated socialite and businessman, Obinna Iyiegbu aka Obi Cabana, who spent his first night with the Economic and Financial Crimes Commission in Abuja yesterday, is set for release on administrative bail any moment from now.

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.

“Yes, he has been granted bail but he is yet to meet the conditions for his release,” the official told Vanguard on the phone on Tuesday afternoon.