Sounds humorous right? But it is nothing but the truth!
The founder of Cubana Nightclub, Obinna Iyiegbu, popularly known as Obi Cubana and Nollywood actor, Kanayo O Kanayo, among others threat six months in prison after breaching the Central Bank of Nigeria (CBN) rule.
Obi Cubana, has been the talk of not simply the town, but the whole country as he threw a lavish burial ceremony for his late mother, Ezinne Iyiegbu.
Cubana’s mom died in December 2020, and her burial was held this weekend at Oba, in Anambra State. The funeral rites was graced by Kanayo O. Kanayo, and any other Nollywod actor, Alex Ekubo, amongst other celebrities.
Founder of Naira Bet and Nigerian lawmaker, Akin Alabi, was also in attendance at the match which recorded several breach of the CBN naira usage rule.
Obi Cubana’s action that breached CBN rule.
In one of the movies uploaded by Obi Cubana on his Instagram during the days-long celebration of existence for his mother, he is seen spraying naira notes to persons around him.
In some other video, he is seen dancing on naira notes sprayed on him by guests at his party, whilst Kanayo O Kanayo and other guests were additionally captured on video spraying Cubana naira notes.
The act of spraying naira and dancing on the note is an abuse of Nigeria’s currency, and it contravenes Section 21 of the CBN Act 2007, which stipulates six months jail term.