The Minister of Information and Culture, Lai Mohammed, has denied asking Cubana Group Chairman, Obi Iyiegbu aka 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 in the news for the last four days for hosting an extravagant funeral for his mother in Oba, a town in Idemili South local government area of Anambra State.
Obi Cubana and his guests were spotted spraying money indiscriminately while a concert was held after the burial and was attended by musicians Davido, D’Banj, Phyno among others.
The development has led to speculations that the Minister was lobbying for loan from Obi Cubana instead of China.
The grapevines is coming days after the Senate approved Buhari’s request for ongoing external loans to the tune of $8.3bn and €490m under the 2018-2020 External Borrowing (Rolling) Plan.
THE Independent National Electoral Commission (INEC) has explained that some candidates were omitted from the…
THE Osun State Chapter of the Accord has congratulated Governor Ademola Adeleke on his appointment…
THE Osun State Police Command has arrested six suspected cultists during raids on criminal hideouts…
Shell Petroleum B.V. has announced the sale of its full interest in Shell Nigeria Gas…
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed concerns that the Rainbow…
Hon. Tajudeen Adefisoye, popularly known as Small Alhaji and the Social Democratic Party (SDP) candidate…