For spraying naira notes, Obi Cubana, E-Money, Cubana Chief Priest, Kanayo, and other elite celebrities, politicians, and business moguls face six months in prison.
According to Ng Times, Nigerian celebrities Davido, Phyno, and Kcee descended on Oba, Anambra state, on Friday to attend the burial of Obi Cubana’s mother.
Dbanj, Kanayo. O. Kanayo, Alex Ekubo, E-Money and many other influential Nigerians were also among the guests at the much-talked-about burial.
Several celebrities, businesspeople, including Nigerian popular socialite and Forbes rated entrepreneur, Sir Uyi Ogbebor, and many politicians turned out in large numbers for the funeral.
Watch Video Below
The burial became a special topic among Nigerians as viral videos showed a lavish display of wealth in Oba, Anambra State, on Friday as Obi Cubana, buried his mother in grand style.
In a viral video, one of his associates, Cubana Chief Priest, gave him 46 cows in addition to several gifts showcased online.
Uyi Ogbebor was also seen in a viral video packing loads of Naira notes into a bag, awaiting the proper commencement of the event.
Obi Cubana was said to have got over N200m from friends and associates in a viral list shared on social media which News Online could not confirm.
Read Also: Naira ‘Rain’ at Obi Cubana Mother’s Burial
The nightclub boss also purchased a diamond chain with his late mother’s face engraved on it reportedly worth $100,000.
The funeral rites started on Thursday, July 15, 2021, with a service of songs and Christian wake, followed by the burial and reception the next day at St Paul’s Anglican Church, Oba Anambra.
In one of the videos that went viral, guests were seen throwing wads of cash at each other, in the air.
Kanayo O. Kanayo also shared a photo on Instagram showing bundles of N500 notes that he planned to spend during the celebration.
Several guests drenched Obi Cubana with 200, 500, and 1,000 naira notes in an apparent attempt to outdo one another during the burial.
On Friday night, the burial ritual was turned into a concert, with Davido and Kcee performing their hit song “Fem” in front of a large crowd.
Meanwhile, Ng Times reported in June that the Federal Government of Nigeria, through the Central Bank of Nigeria, had criticised the rate at which Nigerians mutilate, deface, compress, and even spray and sell naira notes.
According to Ng Times, the apex bank has threatened that “abuse of the money will result in a punishment of not less than 6 months in prison or a fine of not less than N50,000, or both.”
Assistant Director at the Currency Operations Dept, Aladeen Badajo said this Thursday during the commencement of CBN two-day sensitization fair held in Abeokuta. The programme was meant to create awareness about its activities in relation to economic development initiatives.
According to the new CBN regulation, Obi Cubana, among other prominent figures who attended the burial, might face a six-month prison sentence or a fine of not less than N50,000, or both, for showering Nigeria’s official currency, the naira.