Last night (Monday, November 1, 2021), the news of socialite Obi Cubana‘s arrest quickly spread like wildfire, such that Unmask NG published it among other mainstream news platforms.
About 24 hours after Obi Cubana, whose real name is Obinna Iyiegbu, was taken into custody by the Economic and Financial Crimes Commission (EFCC), he regained his freedom, and some hours later, he reunited with his friends, and family.
Confirming his freedom from the EFCC custody, a source in the anti-graft agency, stated that Obi Cubana was only released on administrative bail.
“Yes, he has been granted bail but he is yet to meet the conditions for his release,” Vanguard quoted the EFCC official as saying.
How Obi Cubana caught public attention
In July 2021, Obi Cubana, who’s known for his showbiz and hospitality business, caught attention from members of the public, after he hosted celebrities, politicians, socialites alike, amongst other societal stakeholders, to a treat for the burial of his mother.
Unmask NG understands that it was an extravagant burial ceremony, during which no less than 200 cows were slaughtered.
The star-studded event set tongues wagging on social media, with many of them questioning Obi Cubana’s source of wealth.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate at N414.26/$1 on Tuesday, and closed at N415.02 on the same day.
This development represented a drop as dollar to naira opened at N414.12 on Monday, November 1, after it closed at N414.49/$1, on Friday, October 29.
How much is the exchange rate of dollar to naira at black market?
The exchange rate for a dollar to naira at the Parallel Market (Black Market) as of today (Tuesday, November 2) sells at N572/1$. This is was according to sources at Bureau De Change (BDC) in Lagos.
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in forex to approach their respective banks.
A piece of emerging information, in the late hours of Monday, November 1, 2021, has it that popular socialite and hospitality merchant, Obi Cubana has been arrested.
Unmask NG garnered that some operatives of the Economic and Financial Crimes Commission (EFCC) arrested the self-styled billionaire, and took him into custody at Jabi area of Abuja.
Obi Cubana whose real name is Obinna Iyiegbu, according to sources, fell into EFCC trap for fraud-related offences and money laundering.
“Obi Cubana was arrested and brought to the EFCC headquarters on Monday afternoon over allegations of money laundering and tax fraud. He is being grilled by detectives as we speak,” Punchquoted a source as saying.
This publication, however, understands that Obi Cubana became a spotlight personality in July 2021, after his mother’s lavish burial.
The burial ceremony, which was held at Oba in Anambra State, was so extravagant, such that no less than 200 cows were slaughtered to entertain guests.
The burial, which had many celebrities, socialites, and politicians in attendance, set tongues wagging thereafter, with many people questioning the source of Obi Cubana’s wealth.
Although, as of the time of filing this report, the allegations levelled against the socialite was sketcy, Unmask NG will provide update on the matter soon.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate at N414.12/$1 on Monday, and closed at ₦415.10 on the same day.
This development represented a drop as dollar to naira opened at N414.49 on Friday, October 29, after it closed at N415.10/$1, a day before (Thursday, October 28).
How much is dollar to naira at black market today?
Sources at the black market where dollar to naira trades unofficially, confirmed to Unmask NG that it sold for N572/$1 on Monday, November 1.
Please note that the Central Bank of Nigeria (CBN) does not recognise the black market, as it advised everyone to approach their respective banks for forex-related dealings.
In order to shield bandits from attacking, the federal government has tightened its security across Nigerian airports.
According to Captain Rabiu Yadudu, the managing director of the Federal Airports Authority of Nigeria (FAAN), who made this disclosure, there are now more policemen and equipment deployed to Nigerian airports for the safety of everyone.
Yadudu also stated that the new security facilities would also prevent incursions by unauthorised persons and criminals.
Expressing confidence that the security in Nigerian airports has improved compared to that of the previous years, the FAAN MD said every airport has its security committee, which meets every week, pointing out that under emergency conditions, the committee ensures it meets every day until such threat was tackled and resolved.
“They work with those at the airports and environs to ensure that any security threat is envisaged and pre-emptively eliminated,” This Day quoted him as saying.
Speaking further, Yadudu lamented how bandits have been attempting to attack Nigerian airports, stating that between May and July this year, the security apparatus and personnel had foiled 187 attempted security breaches at the Murtala Muhammed International Airport (MMIA), Lagos.
The FAAN boss also disclosed that to prevent the incident of kidnapping that happened at the Kaduna International Airport’s staff quarters earlier in the year, the agency was collaborating with the Nigeria Air Force and the Kaduna state government to ensure that there are no security breaches at the airport.
His words: “In order to prevent what happened about two years ago at the Lagos airport, we did a very thorough risk assessment, and what we found out prompted us to enhance security, increase the heights of the fence, improve on the sensitisation generally.
“What we do, apart from our increased surveillance, training, and equipment, is sensitisation because even people working within the airport environment need to be more sensitised. We get reports and our personnel have increased their surveillance.
“A lot of people have been apprehended for an attempted security breach at our airports, including Lagos. Between May and July, the security apparatus had foiled 187 attempts and this shows that our airport system is really working.
“We just installed brand new x-ray machines at the Lagos airport recently. We installed about 15 at the Lagos airport alone and more will still be installed. Even, the walk-in machines, we have new machines installed there. We also deployed L3 scanning machines. We have networks working with the host communities. A lot of what we do is very discreet.“
What you should know about bandits’ attacks on Nigerian airports
The FAAN revelation of an attempt from bandits to unleash mayhem at Nigerian airports did not come surprising, as already, an attack has been made on a train.
As reported on Unmask NG, some bandits attacked a train track, a development that sent businessmen and travellers into panic.
Due to the attack, the Nigeria Railway Corporation (NRC) suspended its Abuja-Kaduna operations.
Cheque’s biography and net worth makes it to Unmask NG’s spotlight.
Born as Akanbi Brett Bamidele, Cheque is a reigning Nigerian singer and songwriter. Interestingly, in the short while his music career professionally debuted, his songs have secured massive numbers on streaming platforms.
Not only that, he’s one of the very artistes, whose hit songs constantly get airplay.
How Cheque’s career began
For Cheque, music started during his bachelor’s degree programme while he was an undergraduate of Obafemi Awolowo University (OAU).
While he graduated in 2017, after which he started chasing music full-time, Cheque earned his first degree from OAU in Chemical Engineering.
Following his graduation from the university, Cheque was easily spotted for his musical talents by PentHauze Music and got signed almost immediately.
Cheque
Before his breakthrough in music, Cheque was formerly known as Kyle-B. All thanks to Zamorra, a fellow musician who gave that to him.
Having completed his school programme, Cheque relocated to Lagos State, and a year after he had left school, he contested for ‘Murk Reminisce’, a music challenge game organised by indigenous rapper Reminisce.
After the show, he got a message from Penthauze boss Phyno, and as they say, the rest is history.
How Cheque secured his stage name
Unmask NG understands that Cheque is among the Nigerian artistes that could not figure out their stage names on their own. However, in the case of the Penthauze signee, some show audiences made it happen.
Cheque was invited for a performance at an event, and while serenading the audience with his melodious trap music, he continually mentioned ‘Mic Check’, and the crowd continued to cheer him up with that.
After the show, he just loved the way the fans he made at the event called him ‘Check’, but later styled it “Cheque”.
Cheque’s EP and songs
Since he debuted his career under Phyno’s watch, Cheque has released two musical projects –Razor EP and Bravo, with no less than 18 songs combined.
Not only has he featured on a song with his record label boss, but Cheque has also attracted interest from other music stars, that include Davido and his American counterpart Wale.
Cheque’s biography and net worth summary Profile Summary
Real Name
Akanbi Brett Bamidele
Stage Name
Cheque
Nationality
Nigerian
State of origin
Ondo State
Tribe
Yoruba
Date of birth
23rd of March, 1995
Profession
Musician
Record Label
Penthauze (2019 to Present), Cruel Station (Previous label)
Sokoloan, a popular online lending platform in Nigeria, would soon face serious sanctions from the federal government, as many of their customers continued to report them over harassment.
Unmask NG understands that Sokoloan, and many other online lending platforms in the country, are known for threatening and harassing their customers whenever they default.
To shame and harass these customers in the public domain, Sokoloan, and other lending financial institutions, go as far as sending messages to their contacts list, and informing them that a certain person is owing.
Not only that, but they would also describe the person as fraudulent, such that they would lie that the customer is on the run because of the loan collected.
This common practise Sokoloan and other lending platforms often engage in, has now caught the attention of Babatunde Irukera, the Executive Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), who promised that they would all be severely dealt with.
According to Irukera, the commission is working with the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC) to address the matter and punish Sokoloan and other lending platforms that would threaten and harass any of their customers.
“It is something that we have been engaged in. It seems like they mirror the contact list of the borrower and just publish texts messages to everyone on the contact list. It is an incredible violation. We are trying to get a handle on that and it’s a global problem. People can get easily exploited over the internet. Right now we’re convening a meeting that involves the FCCPC, CBN, EFCC, National Human Rights Commission (NHRC), and the ICPC on how to manage this because none of these entities are licensed to provide these services,” he said in an interview with Nairametrics.
Irukera, however, amended that while Sokoloan may have an office address, there are several other lending platforms that don’t have a physical presence anywhere in the country.
In his words, “What is worse is you can’t even find some of them. They don’t have an address. As a matter of fact, in an investigation with the ICPC, it turned out that one of them was operating from France, which presents a difficulty. What we’re doing is trying to educate consumers not to do business online with people you can’t find.”
Meanwhile, the National Information Technology Development Agency (NITDA) recently imposed a sanction of N10 million on Sokoloan for data privacy invasion.
Why Sokoloan and other lending platforms act insanely
It is no surprise that Sokoloan and online lending platforms in Nigeria, act insanely by harassing the customers they should idolise.
Unmask NG understands that they thrive in spite of these because of the alarming poverty rate in the country. See below for more perspectives:
With about 200 million population, Nigeria is a country that houses objectively povertised people.
Some months ago, a Bloomberg report has it that about 23.5 million of the 69.7 million-strong labour force in Nigeria don’t have meaningful jobs.
Another 15.9 million are underemployed, which means that they don’t earn enough from their jobs to make ends meet.
In view of this, there are about 40 million people of working age, many of them with dependents, who are struggling to survive amid the economic hardship.
Hence, they are desperate for daily money to feed.
For Edet Mareme, a Nigerian porn star, who’s otherwise known as Uglygalz, there is no better investment than featuring in adult films.
In chitchat with Unmask NG, where she discussed the business side of her art, the adult filmmaker explained that she does not only enjoy having sex with the light on, and camera capturing her intimate moment, but also to earn a living.
According to Uglygalz, there is so much money in pornography, and in view of that, she would always cheer up people to put it into consideration.
“Porn is very profitable, but consistency is key. You need to incorporate a lot of other things to make money from adult films. When I started porn, I wasn’t making enough money and I just had to keep it there to accumulate, and I was still making videos.
Uglygalz
“Acting porn is like an investment. There is no fixed price for adult films and individually, we have our price rates in the adult film industry. But overall, I think it’s a smart thing to consider for money-making purposes,” she added.
In the course of this chat, Uglygalz, who became famous after her tell-it-all interview with Pulseng, expressed her disappointment in people, especially aspiring porn actors.
The pornographer said they are always disturbing her for featuring, adding that most of the time after an adult film’s production has been concluded and the video is out, they (the aspiring porn actors) would come back and beg her to bring it down.
“I have met so many people, and they would always come to meet me to express their interest in adult films. I have spent over N500,000 on a shoot and some persons who participated in it later came back, and plead with me to take down the video. I lost money, amongst other things, in the process. One of my investors was very upset, and since that time, if people come to me and say they want to do porn, I would tell them that they have to do at least one, before bringing them on my set,” Uglygalz added as she recalled one of the encounters that left her disappointed.
When asked why she had not featured in Nollywood, the adult film actress said practitioners in the industry didn’t want to associate with her when she reached out to some of them for partnership.
Acting In Adult Films Is A Smart Investment, Says Porn Star Uglygalz
“I have not starred in any Nollywood film before and it’s because I do porn. The producers believe that I should not be associated with considering the fact that I video myself having s*x.
“I have spoken to Nollywood actors and filmmakers about my interest to be part of their industry, but my efforts so far have not yielded results. In fact, while the men in the industry even field responses to my queries as it relates to my interests, the women just snubbed me and somewhat see me as undeserving,” she added.
More so, unlike other adult film actresses, Uglygalz would not feature in a shoot alongside an animal, like a dog.
In her words, “I once saw a video of a dog licking a girl’s p**sy. When I saw the video, I showed it to a few other persons, and they reacted differently. While some were like ‘eew’! I can never do this, other persons were like this is nice. And I asked myself that let’s forget the fact that it is an animal, when you watch this video, what would happen? So, after I asked myself that, I said if it wasn’t an animal or the idea that it was a dog, it looks appealing because it turns people on. There are so many people that would watch it and get definitely turned on, but as a person, I would not try it, but I can watch it. I will not let an animal go down on me.
“Forget the fact that I do porn, I am a very spiritual person, and I feel having s*x with an animal is worse than doing porn. That’s my personal opinion.”
Dangote Cement has disclosed that it made N405.5 billion profit before tax for the nine months ended September 2021.
The N405.5 billion represents an increment to the N271.96 billion Dangote Cement recorded in the corresponding period of 2020.
Unmask NG understands that the cement company made this profit accomplishment in spite of how the raging COVID-19 pandemic disrupted the manufacturing sector.
For the period under review, while Dangote Cement recorded N1.02 trillion revenue, its group sales hit 22.2 million tonnes as the sales volume in Nigeria was 14.1 million tones.
In a statement in which this development was disclosed, Group Chief Executive Officer, Dangote Cement Plc, Michel Purchecos admitted that the company’s management is pleased to report its performance for the first nine months of the year.
His words: “Group volumes for the nine months were up 15.4% compared to the first nine months of 2020. Given the strong rebound in Q3 2020 following the impact of COVID-19 in the first half of the year, volumes in Q3 2021 were slightly lower than Q3 2020, as anticipated though worsened by heavier rains.
“However, the overall growth trend continues, supported by our ability to meet the strong market demand across all our countries of operation. The economic performance and efficiency initiatives across the group enabled the offsetting of inflationary pressures on some of our cost lines.
“Our Nigerian business recorded volume growth of 18.7% in the 9M 2021 at 14.1 metric tonnes and despite operating in a complex, challenging, and fast-moving environment, Dangote Cement is consistently delivering superior profitability and returns to the shareholders”
Meanwhile, Unmask NG understands that Dangote Cement and MTN Nigeria are the two reigning quoted companies on the Nigeria Stock Exchange (NSE).
While the cement company makes up 30% of the total market capitalisation of the bourse with over N4.76 trillion, MTN Nigeria is the second-highest in market value with over N3.542 trillion.
This development represents a fact that naira gained as against the dollar, as it closed at N415.10, a 09% drop, on Thursday, October 28.
According to data from FMDQ Security Exchange, where forex is traded officially, dollar to naira opened at N414.49/$1 on Friday, after it closed at N415.10/$1, a day before.
How much is dollar to naira at the black market?
Bureau De Change (BDC) operators at the black market, where the currency trades illegally, confirmed that dollar to naira opened at N517/$1 in Lagos.
Please note that the Central Bank of Nigeria (CBN) does not recognise the black market, as it advised everyone to approach their respective banks for forex-related dealings.
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