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Pictures Of Obi Cubana's Hotels And Clubs - Business (7) - Nairaland

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Pictures Of Obi Cubana's Hotels And Clubs / Iyiegbu Obi Cubana's Compound, House In Anambra - PHOTOS / LIRS Begins Automated Collection Of Consumption Tax For Hotels And Event Centres (2) (3) (4)

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Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:02pm On Jul 18, 2021
NewDelhi:

You don't even know onyeama isn't the real owner of air peace lol. Na some niger deltan peeps get that airline.. they just used onyeama as front.
God bless you. Truth is like a smoke, it can't be covered.


-erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by heniford2: 8:02pm On Jul 18, 2021
NewDelhi:

You don't even know onyeama isn't the real owner of air peace lol. Na some niger deltan peeps get that airline.. they just used onyeama as front.
Really grin cheesy
Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:05pm On Jul 18, 2021
I'm rolling my eyes right now, these stats didn't come from the Igbos, we only defended it. Abi you didn't know wen El rufai said it.
I don't even want to talk about Lagos, this thread go long plus you're a northerner
EraseTheDot:

Who are the self acclaimed developers of Lagos?
who are the self acclaimed owner of Abuja?
Who always claim they control the economy of Nigeria?
I think Achebe's statement is strong enough to bring you back to reality but knowing that wisdom is like an insult to you.

-erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by NewDelhi(m): 8:09pm On Jul 18, 2021
heniford2:
Really grin cheesy
Funny enough onyeama never had any tangible record of a successful business or franchise before airpeace. Where did he get the funds to conjure air peace out of thin air ? Singlehandedly o . It has been busted time and time, the real owners of air peace are timi alaibe (former nddc director) , Kingsley kaku. Rumours also has it the Jonathans (good luck and patience) are also involved. Onyeama for where. Who was he before air peace.. airline biz na moi moi?

6 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:09pm On Jul 18, 2021
Lol
You're just looking for points any way you can. Moving your king.
EraseTheDot:

God bless you. Truth is like a smoke, it can't be covered.


-erase the dot

2 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:14pm On Jul 18, 2021
So it's no longer Obi cubana, airpeace is your problem, you want to grab points anyway you can so bad that you resulted to "rumor has it"
Tomorrow is Monday, I'll be busy. No come de talk economics wey you no sabi

NewDelhi:

Funny enough onyeama never had any tangible record of a successful business or franchise before airpeace. Where did he get the funds to conjure air peace out of thin air ? Singlehandedly o . It has been busted time and time, the real owners of air peace are timi alaibe (former nddc director) , Kingsley kaku. Rumours also has it the Jonathans (good luck and patience) are also involved. Onyeama for where. Who was he before air peace.. airline biz na moi moi?

8 Likes 1 Share

Re: Pictures Of Obi Cubana's Hotels And Clubs by Anambra1stSon(m): 8:15pm On Jul 18, 2021
NewDelhi:

Funny enough onyeama never had any tangible record of a successful business or franchise before airpeace. Where did he get the funds to conjure air peace out of thin air ? Singlehandedly o . It has been busted time and time, the real owners of air peace are timi alaibe (former nddc director) , Kingsley kaku. Rumours also has it the Jonathans (good luck and patience) are also involved. Onyeama for where. Who was he before air peace.. airline biz na moi moi?
Where did hair dresser Alakija got money to buy stake in Agbami, do you know it was Atiku that funded the purchase of Globalcom licence not Adenuga money

12 Likes 1 Share

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:16pm On Jul 18, 2021
ThEGodFaThEr102:

Guy, just keep your mouth Shut! Obi Cubana is just a very very very small boy compared to the many silent Igbo billionaires.
There's no need of hating on him unnecessarily, if other big Igbo boys start displaying here you'll die of cardiac arrest.
Since morning you've been displaying your stupidity on anything Obi Cubana's thread.
And for your info, that 100 million dollars you're seeing as net worth of obi is far from the truth. He's worth far more than that, this is not a joke but fact.
When it comes to rich guys in the east, Obi Cubana is still a kid and still learning.
He is a kid but you are all over the media hyping him as a demi god.
One dude heniford2 even claimed that Emeka offor is a small fry to Obi cubana.

-erase the dot

1 Like

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:18pm On Jul 18, 2021
Furious1:
Lol
You're just looking for points any way you can. Moving your king.
Read up why Onyeama's account was frozen in US by FBI.


- erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by Henix(m): 8:19pm On Jul 18, 2021
post=103846033:

Where did hair dresser Alakija got money to buy stake Agbami, do you it was Atiku that funded the purchase of Globalcom licence not Adenuga money

Is the attached update from Oba true?

1 Like

Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:20pm On Jul 18, 2021
Lol
You're still hanging out here, you want to row with intellectuals. No go sleep, the company I'm working for is on family property, I won't get fired for late coming
EraseTheDot:

He is a kid but you are all over the media hyping him as a demi god.
One dude heniford2 even claimed that Emeka offor is a small fry to Obi cubana.

-erase the dot

1 Like

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:22pm On Jul 18, 2021
post=103846033:

Where did hair dresser Alakija got money to buy stake Agbami, do you it was Atiku that funded the purchase of Globalcom licence not Adenuga money
OUK got his money by being loyal to the north. He was a nobody until the north made him rich.
Was it also Atiku that purchase the licence of Intels?.. You know nothing about Glo.

- erase the dot

2 Likes 1 Share

Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:22pm On Jul 18, 2021
The same Onyema that took pictures with former American president.
No go sleep
EraseTheDot:

Read up why Onyeama's account was frozen in US by FBI.


- erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by Anambra1stSon(m): 8:23pm On Jul 18, 2021
EraseTheDot:

Read up why Onyeama's account was frozen in US by FBI.


- erase the dot
Mike Adenuga is on exile since Buhri won election

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:24pm On Jul 18, 2021
Furious1:
Lol
You're still hanging out here, you want to row with intellectuals. No go sleep, the company I'm working for is on family property, I won't get fired for late coming
Are you not trained to stay up awake for research and still meet up early targets?

-erase the dot

1 Like

Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:26pm On Jul 18, 2021
Suddenly it's not about whether or nah he owns airpeace, it's not even up to an hour and you're already looking for a different angle. ara
EraseTheDot:

Read up why Onyeama's account was frozen in US by FBI.


- erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by Anambra1stSon(m): 8:27pm On Jul 18, 2021
EraseTheDot:

OUK got his money by being loyal to the north. He was a nobody until the north made him rich.
Was it also Atiku that purchase the licence of Intels?.. You know nothing about Glo.

- erase the dot

In the course of his eight years stewardship, Mr. Abukakar has managed to corner controlling shares in Bank PHB, controlling shares in Intel, an oil services company with operates in Angola, Equatorial Guinea, Gabon and Sao Tome and Principe; controlling shares in AP Petroleum, which he was forced to divest recently in a hail of controversy regarding the ethics of his management of the country’s privatization program. Added to all these assets must be included the control of huge assets in real estate in Yola where today he has 146 houses; the largest print press in Northern Nigeria; and the control of the Faro private water business.

The vulnerability of the vice president, who in his two-term tenure has recorded N60 Billion worth of bank transactions, has always made it easy to point at elite corruption to illustrate the subversion of Nigeria’s national efforts at constructing a fair, accountable and transparent polity this much was raised by the BBC interviewer earlier today. The vice-president was cited for diverting $125m from a public trust fund into his personal businesses. The $125m was diverted from the Petroleum Trust Development Fund (PTDF).
An excerpted part of a recent presentation by the Chairman of the Economic and Financial Crimes Commission (EFCC) to the Nigerian Senate Ad Hoc Committee on the Probe of the PTDF renders the issues in a graphic brief: “[b]Atiku Abukakar is the Vice President of Nigeria and he was the one overseeing the activities of the PTDF. He inaugurated the Interim Management Committee of the Fund in September 2000.He played prominent roles in the approvals for release of PTDF funds and their placement in two banks. The VP had an outstanding interest in the placement of the PTDF funds in these two banks. For one, even the $125 million for the implantation of some specific projects was not utilized for that purpose, rather because of their diversion to their placements in the two banks (TIB & ETB). Prior to the placements of the PTDF funds, the Vice President held several meetings with either the ES (Executive Secretary of the PTDF) alone and sometime the ES and Mike Adenuga to discuss modalities regarding the placement of the funds either in TIB or ETB. The placements were done at the detriment of the Fund as they were made at interest rates below the average CBN Minimum Rediscount Rate (MRR) even when he was strongly advised against that.”

“The request for the release of the $20 million, was predicated on the issue of the ongoing projects being executed by the Fund, whereas it was not so. The funds were released again by the VP and were sent straight to the same placement in TIB. This second release according to reports was done without the knowledge and approval of the President and the FEC[/b], even though the President’s own pattern of management of the Petroleum Resources ministry pointed to the fact that both the VP and the President might have shared. As these funds were hitting the two preferred banks, “loans” were packaged by TIB, even without adequate collateral, for his long time friend and business associate, Otunba Oluwole Johnson Haliru Fasawe through NDTV and Mofas. In Mofas, one of the directors is Alhaji Adamu Abubakar, a son of the VP. Through the VP’s name was not stated as a director of Marine Float, evidence abounds that the account is controlled by him. First, the VP admitted he paid N30million for the property from that account; secondly, most of the beneficiaries from the account are his friends, associates.

“Similarly, as the funds were hitting ETB, Otunba Mike Adenuga made $20million deposit for Globacom license, the second national carrier. A little scrutiny of the equity ownership structure of the company revealed that Otunba Mike Adenuga lied about the ownership of the company. When the transfer of the $50million by PTDF from its account in UBA Plc New York was made in ETB, Mike Adenuga gave the Vice President the sum of N322million (i.e. N300m on 27/11/02 & N22 on 06/03/03) through his Marine Float account domiciled in Bank PHB Plc through his aides- Akinyera and Ajibade. N21 million was paid to the VP through a draft raised in the name of Umar Pariya, his Personal Assistant.
The Vice President held several meeting with the US Congressman Williams J. Jefferson both in Nigeria and abroad in relation to business ventures, which included NDTV and Rosecom.net, an ISP. When the business relationship between NDTV and iGate collapsed, his assistance was sought to extinguish the outstanding approximately $2million already paid by NDTV. Even though he denied assistance on extinguishing the amount, he accepted, conveying a letter from US Congressman Jefferson to the Honorable Minister of Communication Chief Cornelius Adebayo in relation with iGate and Rosecom.net business venture.

“The VP’s business interest in NDTV was confirmed when he made an initial deposit of N30million in January 1, 2003 from his Marine Float account in Bank PHB Plc for the purchase of the N200million property being used as NDTV Head Office. His interest also influenced the placement of PTDF funds in TIB from where Otunba Fasawe obtained “loan” and completed the payment of N170million for the property at the Wuse. The VP’s interest in NDTV is further buttressed by the fact that he even acted as a referee to Otumba Fasawe for the sourcing of the licensing of NDTV in Nigeria Communication Commission (NCC). Investigation also revealed that the Vice President severally met contractors of NDTV at Jada, his hometown on his interest in the company.”

The burden of proof on Mr. Abubakar today therefore will rest on how he hopes to construct a coherent argument that his two decades of public service in the customs department is enough to make him the multi-millionaire and one of the nation’s richest business men; and how he wants to lead a nation struggling to crawl out of the quagmire created by a reputation of grand corruption when he could supervise such brazen deal making at PTDF and seek to legitimize it as normal and appropriate state policy. As for us at Saharareporters, we are still awaiting the promise made to us by the VP to publicly declare his assets and ship over to us the Ghana-Must-Ghana bag containing all the oil contracts awarded by President Obasanjo in the last 7-years!


http://saharareporters.com/2007/02/20/vice-president-atikus-burden-corruption

3 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:28pm On Jul 18, 2021
Ignored!
EraseTheDot:

Are you not trained to stay up awake for research and still meet up early targets?

-erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:31pm On Jul 18, 2021
post=103846342:

Mike Adenuga is on exile since Buhri won election
Exile - Trash!
IBB sources - Trash!

Mike is in town balling.

-erase the dot

2 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:37pm On Jul 18, 2021
post=103846464:


In the course of his eight years stewardship, Mr. Abukakar has managed to corner controlling shares in Bank PHB, controlling shares in Intel, an oil services company with operates in Angola, Equatorial Guinea, Gabon and Sao Tome and Principe; controlling shares in AP Petroleum, which he was forced to divest recently in a hail of controversy regarding the ethics of his management of the country’s privatization program. Added to all these assets must be included the control of huge assets in real estate in Yola where today he has 146 houses; the largest print press in Northern Nigeria; and the control of the Faro private water business.

The vulnerability of the vice president, who in his two-term tenure has recorded N60 Billion worth of bank transactions, has always made it easy to point at elite corruption to illustrate the subversion of Nigeria’s national efforts at constructing a fair, accountable and transparent polity this much was raised by the BBC interviewer earlier today. The vice-president was cited for diverting $125m from a public trust fund into his personal businesses. The $125m was diverted from the Petroleum Trust Development Fund (PTDF).
An excerpted part of a recent presentation by the Chairman of the Economic and Financial Crimes Commission (EFCC) to the Nigerian Senate Ad Hoc Committee on the Probe of the PTDF renders the issues in a graphic brief: “[b]Atiku Abukakar is the Vice President of Nigeria and he was the one overseeing the activities of the PTDF. He inaugurated the Interim Management Committee of the Fund in September 2000.He played prominent roles in the approvals for release of PTDF funds and their placement in two banks. The VP had an outstanding interest in the placement of the PTDF funds in these two banks. For one, even the $125 million for the implantation of some specific projects was not utilized for that purpose, rather because of their diversion to their placements in the two banks (TIB & ETB). Prior to the placements of the PTDF funds, the Vice President held several meetings with either the ES (Executive Secretary of the PTDF) alone and sometime the ES and Mike Adenuga to discuss modalities regarding the placement of the funds either in TIB or ETB. The placements were done at the detriment of the Fund as they were made at interest rates below the average CBN Minimum Rediscount Rate (MRR) even when he was strongly advised against that.”

“The request for the release of the $20 million, was predicated on the issue of the ongoing projects being executed by the Fund, whereas it was not so. The funds were released again by the VP and were sent straight to the same placement in TIB. This second release according to reports was done without the knowledge and approval of the President and the FEC[/b], even though the President’s own pattern of management of the Petroleum Resources ministry pointed to the fact that both the VP and the President might have shared. As these funds were hitting the two preferred banks, “loans” were packaged by TIB, even without adequate collateral, for his long time friend and business associate, Otunba Oluwole Johnson Haliru Fasawe through NDTV and Mofas. In Mofas, one of the directors is Alhaji Adamu Abubakar, a son of the VP. Through the VP’s name was not stated as a director of Marine Float, evidence abounds that the account is controlled by him. First, the VP admitted he paid N30million for the property from that account; secondly, most of the beneficiaries from the account are his friends, associates.

“Similarly, as the funds were hitting ETB, Otunba Mike Adenuga made $20million deposit for Globacom license, the second national carrier. A little scrutiny of the equity ownership structure of the company revealed that Otunba Mike Adenuga lied about the ownership of the company. When the transfer of the $50million by PTDF from its account in UBA Plc New York was made in ETB, Mike Adenuga gave the Vice President the sum of N322million (i.e. N300m on 27/11/02 & N22 on 06/03/03) through his Marine Float account domiciled in Bank PHB Plc through his aides- Akinyera and Ajibade. N21 million was paid to the VP through a draft raised in the name of Umar Pariya, his Personal Assistant.
The Vice President held several meeting with the US Congressman Williams J. Jefferson both in Nigeria and abroad in relation to business ventures, which included NDTV and Rosecom.net, an ISP. When the business relationship between NDTV and iGate collapsed, his assistance was sought to extinguish the outstanding approximately $2million already paid by NDTV. Even though he denied assistance on extinguishing the amount, he accepted, conveying a letter from US Congressman Jefferson to the Honorable Minister of Communication Chief Cornelius Adebayo in relation with iGate and Rosecom.net business venture.

“The VP’s business interest in NDTV was confirmed when he made an initial deposit of N30million in January 1, 2003 from his Marine Float account in Bank PHB Plc for the purchase of the N200million property being used as NDTV Head Office. His interest also influenced the placement of PTDF funds in TIB from where Otunba Fasawe obtained “loan” and completed the payment of N170million for the property at the Wuse. The VP’s interest in NDTV is further buttressed by the fact that he even acted as a referee to Otumba Fasawe for the sourcing of the licensing of NDTV in Nigeria Communication Commission (NCC). Investigation also revealed that the Vice President severally met contractors of NDTV at Jada, his hometown on his interest in the company.”

The burden of proof on Mr. Abubakar today therefore will rest on how he hopes to construct a coherent argument that his two decades of public service in the customs department is enough to make him the multi-millionaire and one of the nation’s richest business men; and how he wants to lead a nation struggling to crawl out of the quagmire created by a reputation of grand corruption when he could supervise such brazen deal making at PTDF and seek to legitimize it as normal and appropriate state policy. As for us at Saharareporters, we are still awaiting the promise made to us by the VP to publicly declare his assets and ship over to us the Ghana-Must-Ghana bag containing all the oil contracts awarded by President Obasanjo in the last 7-years!


http://saharareporters.com/2007/02/20/vice-president-atikus-burden-corruption
What made Atiku a billionaire is his equity shares in Intels. It has nothing to do with Glo.

-erase the dot

1 Like

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:39pm On Jul 18, 2021
Furious1:
The same Onyema that took pictures with former American president.
No go sleep
FBI's monkey is on his back.

- erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by Anambra1stSon(m): 8:43pm On Jul 18, 2021
EraseTheDot:

What made Atiku a billionaire is his equity shares in Intels. It has nothing to do with Glo.

-erase the dot
IBB hold major shares in Glo even his house in Kaduna is the original address use in registration of Global com in CAC and NCC
Re: Pictures Of Obi Cubana's Hotels And Clubs by Nobody: 8:47pm On Jul 18, 2021
What are you even saying, who can make sense of this
EraseTheDot:

FBI's monkey is on his back.

- erase the dot

2 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:48pm On Jul 18, 2021
post=103846934:

IBB hold major shares in Glo even his house in Kaduna is the original address use in registration of Global com in CAC and NCC
There is no proof.

-erase the dot

3 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by EraseTheDot: 8:52pm On Jul 18, 2021
Furious1:
What are you even saying, who can make sense of this
FBI is on his heels. He used fraudulent accounts in the US to purchase planes.

- erase the dot
Re: Pictures Of Obi Cubana's Hotels And Clubs by Anambra1stSon(m): 9:17pm On Jul 18, 2021
EraseTheDot:

There is no proof.

-erase the dot
Mike has been on exile

1 Like 1 Share

Re: Pictures Of Obi Cubana's Hotels And Clubs by Anambra1stSon(m): 9:22pm On Jul 18, 2021
EraseTheDot:

FBI is on his heels. He used fraudulent accounts in the US to purchase planes.

- erase the dot

Re: Pictures Of Obi Cubana's Hotels And Clubs by gift2xl: 9:34pm On Jul 18, 2021
Am happy because he had help in providing job's for the citizens. Nice 1
Re: Pictures Of Obi Cubana's Hotels And Clubs by fergieboy: 9:49pm On Jul 18, 2021
But hush puppy really really mess up damn

Dude could have easily build all this x2

But the fool was busy buying gucci fendi etc

Living in a rented Apartment

investment zero

People he help zero

Family member he helped None

His father was a taxi driver

Stingyness x1000

Na when the idiot cup don they full him come add Real estate investor for his Instagram bio

Big fooool

He should perish in jail

9 Likes

Re: Pictures Of Obi Cubana's Hotels And Clubs by Plomo: 9:53pm On Jul 18, 2021
Gotze1:
Obi Cubana........ 96 million dollars

Sijibomi........... 400million


400-96 = 304million dollars difference.


Abeg, I am done grin

You keep shouting this nonsense but what is Sijibomi’s stake in the company?

I know for a fact that he founded Sujimoto through a partnership with real estate mogul, Mr. Yazeed Alrahji, Chairman of DAEM Real Estate Investment Company Saudi Arabia. So that’s a chunk out of 100% ownership gone.

But let’s not forget other investors because in 2017, he raised N1bn in a venture backed round, so that’s another chunk of ownership signed off. https://www.crunchbase.com/organization/sujimoto-construction/company_financials

And other private investments he uses to raise money for all his luxury projects will also take out a chunk of ownership.

As he’s still founder and CEO, we’ll assume he still has controlling shares. We’ll put it at 20%.

The company like you said is worth $400m, so Mr Sijibomi is worth $80m.

Not bad at all. That’s good money.

Anyway, get off your high horse and stop this foolish comparison with Cubana.

8 Likes 1 Share

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