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Amakaezes’ Property Feud, Cubana Lounge Ltd and Unfounded Allegations

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Cubana Lounge in Abuja
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By Chidiebere Nwobodo

Recently, the children of late Michael Nwobi Amakaeze, former 2nd vice president to Baba Aladura of Cherubim and Seraphim Church, were in the news for not-good-reasons. It was a feud over one of the properties that belonged to the late patriarch situated at Plot 81 Adetokunbo Ademola Crescent, Wuse 11, Abuja. Incidentally this property houses Cubana Lounge Ltd, one of the companies under Cubana Group, ably chaired by Obinna Iyiegbu, famed as Obi Cubana.

In 2009, Cubana Lounge Ltd, in respect to the property went into a ten-year lease contract with Amakaeze Estate, an estate management company run by children of the late Michael Nwobi Amakaeze, as co-administrators and beneficiaries. Upon expiration in 2019, the lease was subsequently renewed by Cubana Lounge Ltd for another ten years, with the proper payment made to Amakaeze Estate as certified by Letters of Administration dated January 16, 2018.

The validity of the lease was further upheld by the High Court of the FCT in a judgment delivered on July 16, 2021, in suit number FCT/HC/CV/1325/20— Cubana Lounge Ltd vs. Rev. Chidi Amakaeze and 5 others. As it stands today, the lease is still running and Cubana Lounge Ltd, has every legal rights to occupy Plot 81 Adetokunbo Ademola Crescent, Wuse 11, Abuja, as supported by all binding documents.

Rev. Chidi Amakaeze, Eldest son of late Michael Nwobi Amakaeze

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However, it was shocking to read in the news recently that “Obi Cubana was issued a 7-day notice to quit” by Rev. Chidi Amakaeze, one of the co-administrators and beneficiaries of the Estate, who happens to be first son of late Michael Nwobi Amakaeze. Ironically, Obi Cubana was not Rev. Chidiebere Amakaeze’s tenant at the time the purported notice to quit was issued in the media. The tenancy agreement was between Cubana Lounge Ltd and Amakaeze Estate, comprising all the co-administrators and beneficiaries.

In furtherance, the lease agreement signed earlier and later renewed after expiration is still valid and running. The so-called notice made on January 14, 2025, was issued without the consent of majority co-administrators as highlighted in a statement debunking the alleged eviction notice: “We, the estate’s administrators, have not issued any notice to the company, as its lease remains valid, and it is not owing the estate,” the administrators affirmed.

Rev. Chidi Amakaeze has been having a running battle with his younger siblings who are averse to his attitude, especially in the management of their father’s properties where there were insinuations that the former is claiming sole ownership to what belonged to the entire children of late Michael Nwobi Amakaeze.

Having failed to arm-twist his siblings albeit allegedly over ownership of the property, Rev. Chidi Amakaeze decided to drag Obinna Iyiegbu, Obi Cubana, into his family feud by issuing phantom eviction notice and escalating it to the media, because he erroneously thought that bringing the chairman of Cubana Group into the midst would give him enough blackmailing power and publicity against his siblings in their battle of supremacy; unfortunately it is dead on arrival.

How do you exercise powers that you don’t exclusively possess without consulting other interesting parties, co-administrators and beneficiaries? Why issue a personalized pseudo ultimatum to someone who was not your tenant as at the time it was served, but Cubana Lounge Ltd, the occupant of the property under lease? How did the warped narrative of “unpaid debt” emerge in the first instance when lease agreement duly paid for had not elapsed?

Any discerning mind will begin to question the intention of Rev. Chidi Amakaeze to railroad Obi Cubana’s name into their family fight if not for the purpose of extortion as alleged. Why continuous demand of a separate payment from Cubana Lounge Ltd as was alleged in some quarters, when the lease payment made to the family’s property management, Amakaeze Estate, is yet to expire as affirmed in the statement released by rest of his siblings who are co-administrators and beneficiaries?

At this point, vile propaganda not backed by facts cannot fly because life time of propaganda is shorter than falsehood. No matter how fast lies run; truth will surely catch up and overtake. Rev. Chidi Amakaeze and his siblings should call a family meeting, resolve their differences. Neither Obi Cubana nor Cubana Lounge Ltd, has nothing to do with their grievances, disagreement and should not be dragged into it.

In good conscience and fairness to Rev. Chidi Amakaeze’s siblings, who are majority co-administrators and beneficiaries in the Estate, had vehemently affirmed in the statement earlier issued that Obi Cubana was not their tenant but Cubana Lounge Ltd as read: “the administrators of the Amakaeze Estate clarified that Mr Cubana is not their tenant and that the alleged eviction notice was issued without their “consent.”

So the accusation of unpaid debt is figment of imagination of those peddling it. There is no basis for such innuendos and conjectures because you cannot build something on nothing. Someone has to be your tenant within the stipulated time frame as alleged for such debt to exist. The authentic tenant—Cubana Lounge Ltd, was not owing a dime because of the validity of the lease as at the date the purported eviction notice was made. Opinions are free but facts are sacred.

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Dollar to Naira exchange rate today, September 23, 2026

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Naira rebounds to 1,275/$ at parallel market
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The Nigerian naira is trading at different rates against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Wednesday, September 23, 2026.

The latest available data show that the naira strengthened to N1,327.78 per dollar at the NFEM on Tuesday, from N1,329.80 recorded on Monday.

The latest movement represents a N2.02 appreciation by the naira against the dollar on a day-to-day basis.

In the parallel market, the dollar was quoted at about N1,389 on Tuesday, down from N1,390 recorded the previous day.

The parallel-market rate puts the gap between the official NFEM rate and the street-market selling rate at about N61.22 per dollar.

At the parallel market rate of N1,389, customers buying $100 would need approximately N138,900, while $1,000 would cost about N1.389 million.

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The exchange rate available to individuals and businesses may vary depending on the dealer, location, transaction size and prevailing market conditions.

The naira’s recent performance has come amid developments in Nigeria’s foreign exchange market, including changes in dollar liquidity and monetary policy.

The Central Bank of Nigeria has continued to monitor conditions in the foreign exchange market as the naira trades around the N1,300-per-dollar level at the official market. Reuters also reported in September that the naira had remained relatively stable, supported by central bank dollar sales and subdued import demand.

For Wednesday, September 23, the latest confirmed figures put the dollar at N1,327.78 at the NFEM and around N1,389 in the parallel market.

The rates could change during the day as demand and supply conditions shift across both markets.

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Enugu Air Launches New Website

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…moves online services to www.enuguairlines.ng

Enugu Air has announced the launch of its new official website, enuguairlines.ng, as part of efforts to provide passengers and customers with a better, safer and more convenient digital experience.

The airline said the migration to the new website is designed to improve how passengers connect with Enugu Air and access its services online, including flight bookings, schedules and the latest updates.

Announcing the development, the airline said: “We’ve moved! We’re innovating! We’ve migrated to a better, safer and convenient website to connect you to the world.”

Passengers can now access Enugu Air’s online services through its new web address, enuguairlines.ng, which the airline described as its new digital home.

The airline urged passengers and prospective travellers to save the new web address and use it for flight bookings, checking schedules and obtaining the latest information about its operations.

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“Same Enugu Air. New web address,” the airline stated, emphasising that the change represents an improvement in its digital platform while retaining the Enugu Air brand and services.

The airline further encouraged customers to visit, www.enuguairlines.ng for all flight-related information and online services.

It further stated that the old website, enuguairlines•com has been discarded and no longer in use.

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Nigeria records 8.51m terabytes of data use in first half of 2026

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Nigerian Communications Commission
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Nigerians consumed a record 8.51 million terabytes of data in the first half of 2026, underscoring the country’s accelerating shift toward a digital-first economy.

Data from the Nigerian Communications Commission (NCC) confirmed this. Specifically, in January, consumption was 1.385 million terabytes; February, 1.260 million terabytes and March, 1.422 million terabytes.

In April, consumption was 1.414 million terabytes. It climbed to 1.504 million terabytes in May and 1.532 million terabytes in June.

In 2025 alone, Nigerians consumed over 13.2 million terabytes of data, a 35 per cent increase from 2024, reflecting how connectivity has become essential for daily life.

The surge in consumption was driven largely by the twin giants of the telecom sector, MTN Nigeria and Airtel Nigeria, whose half-year reports revealed data services have firmly overtaken voice as the primary revenue stream.

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According to industry figures, average monthly data usage per subscriber rose sharply, reflecting the growing reliance on mobile broadband for work, entertainment, and commerce.

Streaming platforms, social media, fintech apps, and remote work tools have all contributed to the spike in demand.

MTN Nigeria reported that its 55.7 million active data subscribers consumed an average of 14.8 gigabytes per month, representing a 15.2 per cent increase year-on-year. Overall, MTN’s data traffic surged by 25.8 per cent across its network in the period.

This translated into a massive N1.70 trillion in data revenue, a 38.4 per cent jump compared to the same period in 2025. Data now accounts for more than half of MTN’s total service revenue, dwarfing its voice earnings of N993.5 billion, which grew at a modest 12 per cent.

Airtel Nigeria also posted strong numbers, recording N691 billion in data revenue ($507 million). While Airtel’s voice services contributed to a combined N1.42 trillion in voice earnings alongside MTN, the clear trend is that data has become the dominant driver of growth.

Together, MTN and Airtel generated N2.4 trillion from data services in H1 2026, cementing their role as the backbone of Nigeria’s digital economy.

MTN invested N620.5 billion in capital expenditure during the period, focusing on expanding 4G coverage, scaling 5G rollout, and strengthening fibre infrastructure. The company’s aggressive push into next-generation networks is aimed at meeting the surging demand for high-speed connectivity.

Airtel, meanwhile, faced challenges with fibre cuts and vandalism, forcing reinvestments to stabilize its network. The operator is blending 5G expansion with satellite partnerships to extend coverage into rural and semi-urban areas, where demand for reliable Internet is rising.

Despite these investments, many consumers continue to express dissatisfaction with service quality. Complaints of slow speeds, unstable connections, and high costs remain widespread, highlighting the gap between consumption growth and infrastructure capacity.

The NCC has repeatedly urged operators to deepen investments in fibre, towers, and spectrum to sustain the country’s digital transformation. Analysts note that the sector is undergoing a structural shift from voice-first to data-led growth, with internet connectivity now central to economic activity.

Industry experts predict that Nigeria’s data consumption will continue to rise exponentially as smartphone penetration increases and more services migrate online. The rollout of 5G is expected to further accelerate usage, enabling innovations in fintech, e-commerce, healthtech, and entertainment.

The consumption of 8.51 million terabytes in H1 2026 marks a historic high for Nigeria’s telecom industry. It reflects not only the appetite of a digitally hungry population but also the broader transformation of the economy.

With MTN and Airtel leading the charge, the challenge now lies in improving service quality, expanding infrastructure, and ensuring affordable access for millions of Nigerians. As data becomes the lifeblood of communication and commerce, the telecom sector’s ability to keep pace with demand will determine how effectively Nigeria harnesses the opportunities of the digital age.

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