Obi Cubana Reportedly Loses N800m After Court Action on Lounge, Building May Be Demolished

• More details have emerged about the amount Obi Cubana reportedly lost after the court took action on the building that housed his lounge
• The businessman’s landlord had been involved in a land tussle for some time, and Cubana was later evicted from the property
• Fans reacted after seeing the post, they were sympathetic toward the businessman and prayed that he would rise again

Part of the amount Nigerian billionaire Obinna Iyiegbu, also known as Obi Cubana, reportedly lost after the court took action on his lounge in Abuja has surfaced online.

The embattled businessman has been facing a challenging time over the property he rented in Abuja for one of his many businesses.

A few days ago, his properties were thrown out of the building after the court ruled against him.

In an update by a blogger known as Northern Trending, it was reported that Obi Cubana allegedly lost up to N800 million from some of his expensive wines at the lounge. However, details of how the goods were reportedly lost were not clearly stated.

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Renovation to take place in building

Renovations have started in the building, with sand and gravel already delivered. All the decors used to cover the building have been removed following the court's action.

Recall that on Tuesday, December 9, the court handed over Plot 81, Ademola Adetokumbo Crescent, Wuse 11, Abuja, the property housing Cubana Lounge, to the owner, Mr. Collins Onwuzulike, after overcoming intimidation to carry out the eviction order.

Obi Cubana also promised to address the issue and invited his fans to join him on a live session at a certain time on some social media platforms.

See the post here:

Reactions as Obi Cubana reportedly loses N800m

Reactions have trailed the post made about the businessman and his business. Many were worried about him. They shared their take about what happened to the businessman. Here are comments below:

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@segun.adegoke shared:

"Business lost and unemployment to the people employed by Obi Cubana."

@obiechefu__patrick_5 stated:

"I keep saying this we the Igbo we don’t like our self my brother all hope is not lost keep moving forward OBI."

@wamiwurld commented:

"If na Lagos dem go say Yoruba no like dem turn am to tribe."

@eddysland33 said:

"This is so sad."

@official_mc_dcool shared:

"Make Una da invest for Una hometown Una go say NO."

@iamoriginalbabakay shared:

"High court ? Meaning he can appeal why demolish if the judicial process is not exhausted yet ?

@pambiiiiii_ said:

"Chai, my friend was the contractor that renovated the place this year,"

Obi Cubana gets birthday gifts

Legit.ng also reported that Obi Cubana, who turned 50 on April 12, 2025, with the theme 50 for 50, had received massive support and many gifts from friends and family ahead of the celebration.

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One such gift was from one of his friends, Dr Frank, who sent 50 rams. The businessman disclosed that he travelled to the east to receive new sets of gifts, which included coolers and Bibles.

Proofreading by Funmilayo Aremu, copy editor at Legit.ng.

Source: Legit.ng