
Business
Amakaezes’ Property Feud, Cubana Lounge Ltd and Unfounded Allegations


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
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.
Business
Air Peace announces 15% Student Discount on Nigeria-London Route

…offers unmatched travel benefits

West and Central Africa’s largest airline, Air Peace, continues to redefine affordability and convenience in international travel, particularly for students pursuing higher education abroad.
In a commitment to making air travel more accessible, the airline is extending its exclusive 15% student discount on economy-class tickets for flights between Nigeria and London, ensuring students can fly at reduced fares while enjoying world-class service.
This offer presents an excellent opportunity for parents and students preparing for the summer return from school to Nigeria.
By leveraging this discount, students enrolled in full-time educational programs at accredited institutions in the UK, Europe, USA, and Canada can enjoy significant savings on their travels.
The fare remains one of the most competitive in the market, allowing families to manage travel expenses more efficiently.
To qualify for the student discount, applicants must be 25 years old or younger and provide essential documents, including a valid student ID, a student visa, and an enrollment verification letter.
The discounted tickets, available for booking through Air Peace’s official website, remain valid for one year from the date of travel and are non-transferable and non-refundable.
Students can initiate their ticket request by submitting their passport data page and required documents via the airline’s designated platform, accessible through the ‘student discount’ section of the website.
Further inquiries can be directed to businessdevelopment@flyairpeace.com or via phone at +2349093424316 and +2347062193007.
Beyond student travellers, Air Peace is also rewarding other passengers with an ongoing promotional offer that allows travelers to earn over ₦600,000 in savings when they connect any of Air Peace’s major domestic destinations to London.
As an added benefit, passengers on this route are entitled to one extra piece of free luggage, enhancing convenience for those traveling with more baggage.
The airline continues to set the bar high with bespoke in-flight service, featuring premium comfort and a selection of continental meals tailored to meet diverse tastes.
This special promo runs until March 31, 2025, with an extended travel period until April 15, 2025.
As Air Peace remains committed to redefining air travel with affordability, comfort, and seamless connectivity, passengers are encouraged to take full advantage of these exclusive offers while they last.
Business
Again, Dangote refinery cuts petrol price to N815/litre


The price competition within the downstream oil sector persisted on Thursday as the Dangote Refinery discreetly implemented a price reduction at its loading gantry, lowering the cost of petrol loading from N825 to N815 per litre.
This marks the third time in 2025 that the Dangote Refinery has reduced the loading cost of petrol, following previous adjustments on February 1 and February 26.
The new pricing structure introduced on Thursday was reportedly met with enthusiasm by oil marketers, who consequently chose to bypass private depot owners and began sourcing their products directly from the refinery.
This N10 reduction in price is also expected to elicit a competitive response from private fuel depots, which may lower their prices to retain their market share.
On Tuesday, the landing cost of imported petrol in Nigeria decreased to N774.72 per litre, with industry analysts suggesting that the ongoing decline in prices could result in a reduction of pump prices to approximately N800 per litre.
The overall cost, which encompasses various expenses such as shipping, import duties, and exchange rate fluctuations, has led retail marketers to favour importation over sourcing products from the Dangote Refinery.
It was speculated that the landing cost could potentially reduce the pump price to N800 per litre, a factor that may have influenced the refinery’s decision to implement a recent price reduction.
In response to this development, depots in Lagos have begun adjusting their prices, with selling rates now ranging between N820 and N839 per litre to align with the refinery’s revised pricing.
Business
MTN apologises to customers over 200% data price hike


Nigeria’s largest telecom operator, MTN, has issued a public apology to its customers following widespread complaints about a sudden 200% increase in the price of its popular 15GB data bundle.
The price hike where internet subscribers will have to pay N6,000 for a 15GB weekly data plan which is a 200% increase from the previous N2,000, took many customers by surprise, and led to an outrage from customers on social media on Wednesday.
In message shared on social media on Thursday, MTN in an informal, conversational tone acknowledged the frustration of its customers, and sought to address the growing discontent among users who had grown accustomed to the affordable rates previously offered.
The message read, “To our 15G digital bundle lovers. You dey vex. We know. We know how upsetting it must have been to suddenly wake up to a 200% increase on your favourite digital bundle.
“We could share several reasons, and provide explanations, but omo, all that one na story. We don cast. We get it and admit it. Let’s just say na mistake.”
MTN continued the apology by urging customers not to stay angry saying, “In this love season, don’t stay angry with us. Please forgive and forget. You matter die and we will never stop showing you how much. Let’s continue our relationship. Thank you for your understanding.”
For now, only MTN has increased prices, but Airtel and Globacom are expected to follow after the Nigerian Communications Commission approved a 50 percent tariff increase in January.
The Nigeria Labour Congress has, however, condemned the implementation of a 50 per cent tariff hike by telecommunication companies, demanding an immediate reversal.
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