FG denies asking Obi Cubana to loan Nigeria money

FG denies asking Obi Cubana to loan Nigeria money

The Federal Government has denied asking billionaire Chairman of Cubana Group, Obi Iyiegbu, popularly addressed as Obi Cubana to loan money to Nigeria.

The rebuttal came from the Minister of Information and Culture, Lai Mohammed.

A report published by an online news medium (not 1st News) had credited Lai Mohammed with a comment; asking the billionaire businessman to bail Nigeria out of its cash crunch.  Specifically, the report had read in part; “Obi Cubana has this kind of money and Nigeria is borrowing money from China. Cubana should borrow us money, Nigeria is collapsing – Lai Mohammed”.

However, the Minister had denied making those comments.

Equally important, the Ministry of Information and Culture had placed a ‘Fake News’ stamp on the news item.  The fake news stamp was placed on the story via the Ministry’s Facebook page on Sunday.

ALSO READ: Obi Cubana: Davido, D’banj, other celebs who stormed mum’s funeral

Obi Cubana

1st News reports that Nigerians had been treated to a show of extraordinary display of wealth; specifically during the burial ceremony of the late businessman’s mother. Obi Cubana had attracted a long list of celebrities, politicians, business moguls and other public figures to Oba; a town in Idemili South local government area of Anambra State, where the burial ceremony took place.

Reports indicate that over 300 cows were slaughtered at the occasion; while the spraying of cash by attendees in local and foreign currency took on an extra dimension. Videos from the event showed many choosing to throw the money in bundles at the host instead of spraying it in bits, as is the practice.

Furthermore, Obi Cubana has remained a trending topic in the social media space after the ostentatious funeral.

Superstar artistes, Davido, Phyno and D’Banj were also in attendance at a concert held after the burial. All three performed to a massive crowd which gathered at the end of the week-long festivities.

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