Mr Obinna Iyegbu, alias Obi Cubana, the Chairman, Cubana group is again in the web of the Nigerian law enforcement agency. He was again invited by the National Drug Law Enforcement Agency (NDLEA) and questioned for hours for his name in the mouths of those accused and convicted of drug related offenses; they claimed he’s their boss and that the entertainment boss is also a drug kingpin they work for.
It all started right after his mother’s funeral which took place in the month of July 2021. The gist of the funeral trended across the world, it was the talk of the town. The media tagged the funeral “the money funeral party”. Money rained from the sky, affluence was in full display and was rubbed on peoples faces, monies were literally kicked like football, stepped on as carpet, used as firewood to light fire to keep guests warm. It was insane.
Who is who in the Nigerian entertainment industry graced the occasion. Private jets were rolling over each other at the Asaba international airport tarmac. The airport was so congested with private jets that some jets had no space to land and they had to float around the airpeace for hours. It was a red show of affluence.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
This funeral was what really exposed Mr Obi Cubana to the public eyes and made everyone start paying attention to him including the government and law enforcement agencies. His social media followership skyrocketed from few thousands of followers to millions of followers in days and to crown it all, he won the 2021 man of the year award defeating big wigs like Seyi Makinde; the Governor of Oyo state, Tony Elumelu, the Chairman of UBA, Alhaji Abdul Rabiu, the Chairman of BUA group etc to win the award.
After the funeral, people started questioning his source of wealth; at first, he was linked to the Hushpuppi fraud syndicate due to his friendship with DCP Abba Kyari, the suspended super cop who was also linked to having gotten fraud money from Hushpuppi.
The Economic and Financial Crimes Crimes Commission (EFCC) first opened an investigation on him. They invited him and detained him for 3 days in the month of November, 2021 for the offence of money laundering, tax evasion and other related financial crimes.
While he is yet to clear his name in the coven of the EFCC, he was again invited and quizzed by the NDLEA on Thursdays, 13th January, 2022 for him been named as a drug kingpin and his bank accounts receiving money inflows and wire transfers from those accused and convicted for drug related offences in Malaysia, India and Nigeria.
Some people have accused the 46 years old award winning hospitality mogul of ill gotten wealth and asked him to share the truth about the real source of his wealth that there’s more to it than meets the eye.