Obinna Iyiegbu nicknamed Obi Cubana, a well-known socialite and business entrepreneur, has been freed by the Economic and Financial Crimes Commission (EFCC) after three days in jail.
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Obi Cubana was arrested and questioned on suspicion of money laundering and tax evasion.
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On Thursday evening, the Anambra-born nightclub owner, who was arrested on Monday, heaved a sigh of relief.
Wilson Uwujaren, a spokesman for the EFCC, confirmed that Obinna Cubana had been released.
Several times throughout his stint with the EFCC, he was interrogated about his alleged involvement in money laundering and tax fraud.