The Central Bank of Nigeria (CBN) may pour their wrath on Obi Cubana after he was captured in a video breaching the CBN rule.
Obi Cubana in company of Nigerian tycoons such as Shina Pellerm Akin Alabi, Alex Ekubo and Kanayo O. Kanayo were featured last week during the burial of Obi’s mother Ezinne Iyiegbu.
Legit.ng reported that after the fanfare at the burial of his mother, Ezinne Iyiegbu, the founder of Cubana Nightclub, Obinna Iyiegbu, risk six months imprisonment or more. During the burial, which took place at Oba, in Anambra State, Iyiegbu, known as Obi Cubana, was captured in some videos breaching the Central Bank of Nigeria (CBN)’s currency rule.
“Cubana, actor Kanayo O. Kanayo, alongside some guests were spraying naira notes on each other, while the hospitality business owner was also seen dancing on the local currency. ” Reported Legit.
Section 21 of the CBN Act 2007 states that spraying of naira and dancing on it are abuse of the official currency, and perpetrators would be fined, jailed, or both. According to the act, persons caught indulging in spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions would be fined N50,000 or jailed for six months, or serve both punishment.
The CBN act states that such an act diminishes the naira. Other offenses include, engraving, mutilating, piercing, stapling, writing, tearing, soiling, squeezing or any other form of deliberate and willful abuse.
In the meantime, the philanthropic Nigerian socialite Obi Cubana has vowed to make more money after spoiling mourners by raining money on mum’s burial.
At the same time, Obi Cubana advised against miracles, arguing that they do not give money.
According to Legit.ng, He said that his mother’s burial was that glamorous because they had promised her when she was alive that they would give her a memorable 80th burial ceremony.