Obi Cubana Explains How He Made His First Million (Read Here)
The Chairman of the Cubana group, Obi Iyiegbu popularly known as Obi Cubana, made it clear that he is not a social media interested person, and finally spoke on how he made his first million in an interview with BBC News Pidgin on Tuesday.
According to the 46yr old business tycoon and philanthropist, his first million was made after his National Youth service corps in Abuja.
However, the naira-rain burial he hosted for his mother has stirred up controversies that he and his associates are ritualists. Well, there were series of events that led to this. One was the number of people at the burial ceremony, to the hustle-bustle that seemed it would never stop, to the amount and way money was being sprayed at the events, not sweeping under the carpet, the availability of food as news had it that his associates made a contribution of 274 cows for the ceremony.
Mr Obi Iyiegbu however claims that all of this couldn’t have been money but *Goodwill!*
Quoting him when he spoke about the ceremony, he noted, “all those crowds, money no fit rent am, never!” He further spoke that despite so many people at the ceremony there was no news of rape, stealing or in a nutshell any case of misconduct, which he claims was out of the respect people had for him following the fact that he has tried for them.
Unconfirmed report claimed the 4th and last son of his family (Obi Cubana), husband to Ebele Iyiegbu; a successful lawyer, father of four boys, helped 53 uneducated boys in 2013 by pushing them into the market to learn trade and financing them so they could start their own business, 38 of whom are now billionaires while the rest on the level of millionaires, the report claims.
Cubana explained that his mother has been acting the role of a father and a mother to him as his father died 15yrs ago. He explained he got his first million by selling land and having a gain of about 600,000 while the contractor dashed him 500,000 making a total of 1.1m, he also addressed the money spraying aspect of the ceremony that those who owned their money could spend it anyhow.