Lai Mohammed denies asking Obi Cubana to lend Nigeria money

Information and Culture Minister Lai Mohammed denied asking Cubana group chairman Obi Iyiegbu aka Obi Cubana to lend Nigeria money.

On Sunday, the Ministry of Information and Culture put a “Fake News” stamp on its verified Facebook page on an article claiming the minister made the statement.

The news that was published by an online outlet read in part, “Obi Cubana has this kind of money and Nigeria is borrowing money from China. Cubana should borrow money from us, Nigeria collapses -Lai Mohammed ”.

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

Several videos from the event show people indiscriminately spraying money as a concert took place after the funeral and was attended by musicians Davido, D’Banj and Phyno, among others.

The “naira rain” at the event led several memes to ask Nigeria to borrow money from Obi Cubana instead of China.

The country’s debt has risen from N20.8 billion to N32.92 billion since the president, Major General Muhammadu Buhari (retired), took over.

The Senate approved last Thursday Buhari’s request for outstanding external loans to the tune of 8.3 billion dollars and 490 million euros as part of the 2018-2020 external borrowing plan.

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