Lai Mohammed speaks on asking Obi Cubana to loan Nigeria money

The Minister of Information and Culture, Lai Mohammed, has denied asking the entertainer and nightlife boss, Obi Iyiegbu, popularly known as Obi Cubana, to loan money to Nigeria.

The Ministry of Information and Culture on its verified Facebook page on Sunday placed a ‘Fake News’ stamp on a news item claiming that the minister made the statement.

The news which was published by an online medium 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”.

Obi Cubana has been trending on social media for the last four days for hosting a lavish funeral for his mother in Oba, a town in Idemili South local government area of Anambra State.

READ ALSO: We can’t watch you brainwash youths – Deji Adeyanju queries Obi Cubana’s source of wealth

Several videos emanating from the event show people spraying money indiscriminately while a concert was held after the burial and was attended by musicians Davido, D’Banj, Phyno among others.

The ‘naira rain’ at the event has led to several memes asking Nigeria to borrow money from Obi Cubana instead of China.

READ ALSO: Nigerians react as DCP Abba Kyari attends Obi Cubana’s mother’s burial

The country’s debt has risen by N20.8tn to N32.92tn since the President Muhammadu Buhari took over.

The Senate last Thursday approved Buhari’s request for ongoing external loans to the tune of $8.3bn and €490m under the 2018-2020 External Borrowing (Rolling) Plan.

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Emmanuel Amuda

Emmanuel Amuda, a blogger by profession for the past 7 years. He studied Mathematics at the University of Nigeria, Nsukka Contact: +2348053316946 Twitter: @Lackren

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2 Comments

  1. We Nigerian Youths were Pleading to the Nationwide not to attempt in Borrowing Nigeria money again….
    Nigeria has more than enough and they don’t need to borrow any longer from any Nation. All the Ones they have been borrowing from China and many Western Countries were been used and spent on all their Terrorism Groups of their own and also been Sponsored by the Federal Government if Nigeria to kill all its Citizens that doesn’t allow them to eat alone the Country money while 80percents of their Citizens were in serious Poverty…. So Sad! Horrible Nigeria

  2. Just about what i wanted to say….No light,no water,no road, bridge turn to something else,no education,no hospital,many nigeria married woman left their home working as maid in Arab country…. what a country shame on Nigeria government,buhari, Senate, politicians etc…..all we ask for is Referendum not Restructuring,all the money Buhari is borrowing is not for Yoruba,Igbo,hausa but for fulani know as bandits boko haram…..wẹ call on to great good president of UK UN, etc to help,if you split us let each nation know the debt imposter Buhari owns we’ll all pay please we’re fighting for our future we don’t want our children children been kill like the way it happening now

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