How I made my first million – Obi Cubana

By our reporter/  Obi Iyiegbu, popularly known as Obi Cubana, and chairman of Cubana group, on Tuesday revealed how he made his first million naira.

The business tycoon made this known in an interview with BBC Pidgin, said his breakthrough came after his national Youth Service program in Abuja, the nations capital.

Following the ‘naira rain’ at his mother’s burial in Oba, a town in the Idemili South Local Government Area of Anambra State over the weekend and the displeasure in some quarters over the lavish display of wealth, he told the BBC that his riches were as a result of hard work.

According to Obi, who read political science at the University of Nsukka, he did his NYSC program in Abuja, with place of primary assignment at the National Assembly where he earned N2000 monthly.

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During that period, he lived with his friends and brothers in a one-room apartment in Zone 4, Abuja.

He was introduced to the real estate business in Abuja, and subsequently met a client who wanted to furnish a house.

After furnishing the house for the client, Obi was gifted N500,000, as he also made over N600,000 in profits for the job.

“That was the first N1.1 million I made before I joined contract work in Abuja. I signed a contract with PPMC, made a little money, then bought my Mercedes V-boot,” he said.

The Cubana boss further stated he invested the money he made into a garden beer parlour before he established Cubana, which has now gained national and international prominence.

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Obi who urged Nigerians to desist from thinking that wealth must come through illegal means, however, advised people to be straightforward and honest in their dealings, as that will open more doors of success for them.

The 46-year business mogul also praised his parents for the good foundation they laid in bringing him and his siblings up.

Explaining the reason for the grand burial accorded his mother, he explained that her mother played the role of father and mother following the death of his father 15years ago.

He equally defended the spraying of currency at his mothers burial ceremony, stating that he cannot dictate to friends how to spend their money.

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