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 on its verified Facebook page on Sunday placed a ‘Fake News’ stamp on a report claiming that the Information Minister made the statement.
The news 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 socialite and club owner’s has been trending on social media for the last four days for hosting an opulent for his mother in Oba, a town in Idemili South local government area of Anambra State.
Several videos on social media from the event showcased people spraying money indiscriminately while a concert was held after the burial and was attended by musicians Davido, D’Banj, and Phyno, among others.
The ‘naira rain’ at the event has led to several memes asking Nigeria to borrow money from Obi Cubana instead of China.
The country’s debt has risen by N20.8tn to N32.92tn since President Muhammadu Buhari took over.