Billionaire businessman, Obinna Iyiegbu, known as Obi Cubana has closed down his club ‘Hustle and Bustle’ in Abuja.

He announced this in a post on his Instagram stories.

The club was shut down following a tragic incident involving a female clubber who got electrocuted last night.

In a statement issued to the public the Cubana group wrote: “We are closed till further notice. This is due to the loss of our dear esteemed client.

“We are deeply saddened by this situation and need time to heal from it. Our prayers are with the families of the departed soul.

“I sympathize with the family on the unbearable loss. Kindly bear with us as we pass through this storm.”

Obi Cubana was invited by the EFCC where he was held over allegations of tax evasion and money laundering. He was released after spending three days in their custody.