Minister of Information and Culture, Alhaji Lai Mohammed, has denied asking the chairman of the Cubana Group, Obi Iyiegbu, otherwise called Obi Cubana, to loan money to Nigeria.
The Ministry of Information and Culture on its verified Facebook page, on Sunday, placed a ‘Fake News’ stamp on a news item claiming that the minister made the statement.
The news which was published by an online medium 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”.
Obi Cubana had been trending on social media for the last four days for hosting a lavish funeral for his mother in Oba, a town in Idemili South local government area of Anambra State.
Several videos emanating from the event show people spraying money indiscriminately while a concert was held after the burial and was attended by musicians Davido, D’Banj, 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 N20.8 trillion to N32.92 trillion since the President Buhari took over power in 2015.