It’s A Lie, I Never Asked Obi Cubana To Loan Nigeria Money ― Lai Mohammed


The Minister of Information and Culture, Lai Mohammed, has described as fake the report making rounds that he asked Anambra Obi Cubana, Group Chairman, Obi Iyiegbu, to loan money to Nigeria.

The Ministry of Information and Culture on the ministry’s verified Facebook page made available to media yesterday insisted that the news report claiming that the minister made the statement was misleading and unfounded.

Recall that 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”.

The social media has been washed with the trending lavish funeral organised by Obi Cubana for his mother in ObaAnambra State.

The unprecedented naira rain at the funeral left many mouths wagging and wondering why Federal government would not approach Cubana for loan rather than going offshore with higher interest and burden.

It will be recalled that the upper legislative chamber against all the oppositions Thursday approved Buhari’s latest request for external loans to the tune of $8.3bn and €490m under the 2018-2020 External Borrowing (Rolling) Plan.

This brought Nigeria’s debt to N32.92tn from N12trn in 2015 when President Muhammadu Buhari assumed office.

READ ALSO! Nigerian Central Bank Approves Disbursement Of Loans For Creative Industries At 9%

READ ALSO! Tony Elumelu To Empower 1,000 Northern Entrepreneurs With $5000 Each

READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds

READ ALSO! Is N-Power Truly Empowering Nigerian Youths?

READ ALSO! How Nigerian Govt Can Lift 100million People Out Of Poverty — Tony Elumelu

READ ALSO! TraderMoni: Poverty Alleviation Or Political Leverage?

READ ALSO! Is N-Power Truly Empowering Nigerian Youths?

READ ALSO! Gtbank 737 Disservice: How to Kick Your Customers in the Butt!

READ ALSO! Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu

READ ALSO! The Love Of Your Life Is An Illusion: It Doesn’t Exist Anywhere!