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Home Featured

Obi Cubana Finally Reveals How He Made His Money

by ReportersAtLarge
July 21, 2021
in Featured, People & Events
Reading Time: 2 mins read
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Obinna Iyiegbu - Obi Cubana

Obi Cubana

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Popular socialite and Chairman of Cubana Group, Obinna Iyiegbu, popularly known as Obi Cubana, has disclosed that headwork is the foundation of his success. This is just as he revealed how he made his first million naira.

Obi Cubana, who made the disclosure in an exclusive interview with BBC Pidgin on Tuesday, July 20, stated that his breakthrough came after his National Youth Service Corps (NYSC) program in Abuja.

He added that neither miracles from pastors nor blessings from native doctors can give people money.

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The socialite disclosed that the money was earned from profits he got when he served as a real estate agent. According to the businessman, he did a job for a man who paid him well.

Cubana said: “We did it very well that he gave me N500,000 separately from the profit of N600,000 which I also made from the deal. That made it N1.1 million in total. It was after my NYSC that I made my first one million naira.

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“That was the first N1.1 million I made before I joined contract work in Abuja. I signed a contract with PPMC, made a little money, then bought my Mercedes V-boot,” he said.

He revealed that he invested the money he made into a garden beer parlour before he established Cubana, which has now gained national and international prominence.

He said he delved into entrepreneurship because he could not find a job after he graduated from the University of Nigeria, Nsukka in 1998, with a degree in political science.

Iyiegbu, who has been the talk of the town over the extravagant burial of his mother, defended his friends who displayed wealth at the funeral. He explained that he cannot dictate to his guests how to spend their money.

The businessman stated that the burial of his mother offered his friends the platform to come and show their love and support.

Obi Cubana urged people to desist from thinking that wealth must come through illegal means.

In the same vein, he advised people to be straightforward and honest in their dealings, as that will open more doors of success for them.

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