Obi Cubana is an influential businessman, entertainer, philanthropist, and investor from Anambra State.
He is popularly known as the chairman and founder of the famous Cubana groups, a chain of entertainment establishments located across Nigeria.
He was born into a regular family, but we know him as one of the wealthiest entrepreneurs today.
In this article, we’ll discuss obi cubana’s net worth and how he made his fortune,
| Name | Obinna Iyiegbu |
|---|---|
| Date of Birth | 12 April 1975 (50 Years Old) |
| Nationality | Nigerian |
| Marital Status | Married |
| Wife | Mrs Ebele Iyiegbu |
| Children | Alex, Ifeanyi, Ebube, Kosisochukwu and Jerry |
| Profession | Businessman |
| Net worth | $96 million |
| @obi_cubana |
Obi Cubana’s Biography
Born Obinna Iyiegbu on April 12 1975 in Anambra, Obi Cubana is the son of Ezinne Iyiegbu and Alex Iyiegbu.
He hails from Oba in Idemili South Local Government Area of Anambra State, a popular town in the East of Nigeria.
He attended a school in Oba for his primary education and completed his secondary schooling at Dennis Memorial Grammar School.
After writing his Waec, he went on to study for a BSc in Political Science at the University of Nigeria Nsukka (UNN).
Obi’s journey from humble beginnings has been inspiring.
He started with petty businesses while in University and made his way straight to the top, running one of the most successful nightclubs in Lagos.
Early Struggles and Growth
Obi Cubana has always been passionate about business, right from his UNN days. He used to run small businesses in school to pay his school fees and foot other bills.
After graduating from UNN, he moved to Abuja to practice entrepreneurship full-time. He started an interior design business and in 1999, he was given a life-changing contract to work on the interiors of a senator.
He took the profits from the job and decided to expand his business into nightlife in Abuja. He established his first nightclub, Ibiza Club in 2006.
The club became one of the biggest nightclubs in the city and before long, he built another club in Imo State named Club Cubana.
Club Cubana also became successful and Obi used the profits of both nightclubs to build his hospitality and nightlife empire- Cubana Group.
Obi Cubana’s Net Worth in 2025
As of 2025, Obi Cubana’s net worth is estimated at of $96 million (₦140 Billion Naira) making him one of the richest igbo men in the country.
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Obi Cubana Business Empire and Sources of Wealth
His wealth is largely derived from his company, Cubana Groups. Cubana Groups is a chain of hospitality and nightlife organizations located in different states in Nigeria which Cubana Chief Priest once helped him manage.
READ: Cubana Chief Priest Net Worth
However, Obi Cubana does not rely on one stream of income alone. He makes money from nightlife, drinks, tech, transport, and brand deals. His businesses are structured in a way that they keep running even when he is not there in person.
1. Hospitality and Nightlife
The Cubana Group remains the main source of Obi Cubana’s wealth. It started in Owerri with the first Cubana Club and has grown into several brands which includes:
| Name | Location |
|---|---|
| Cubana Night Clubs | Lagos |
| Hustle & Bustle | Abuja |
| Grand Cubana Hotels | Abuja |
| Rolex Hotels | Lagos |
| Cubana Suites | Abuja |
| Cubana Signature Hotel | Abuja |
| Crave Cubana | Abuja |
| Gustavo Cubana | Enugu |
| Pablo Cubana | Lagos |
| Opium Cubana | Imo |
| Ibiza Nite Club | Abuja |
| Montana by Cubana | Lagos |
| Cubana Lounge and Event Center | Port Harcourt |
These places attract celebrities, top businessmen, and politicians every week, and they generate millions in revenue.
2. Drinks and Lifestyle
After running clubs successfully, Obi Cubana went into the drinks business. His drink operations run under Cubana Trading and Investment Co. Ltd (CTIL), a company he founded in 2022.
CTIL produces and distributes premium alcoholic and non-alcoholic beverages across Nigeria and internationally.
The company’s flagship products include Odogwu Bitters, Odogwu Hammer, and Odogwu Malay.
He is also a partner and major distributor of Aman Tequila, a Mexican-made tequila produced in Nayarit, Mexico, using 100% blue Weber agave.
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Beyond these, Obi Cubana also distributes and promotes other premium international beverages such as Gold Bar Whiskey, Angelus Rosé, and Mazzetti Brandy His drinks business is now one of his strongest income sources.
3. Tech and Electronics
Obi Cubana owns the Vaib brand, which started as a gadget and lifestyle company but has now expanded into more consumer products. Vaib Nation sells headphones, audio gadgets, and even juicers in partnership with Dee Utensils.
He is also a co-partner in New Age Mobile Concepts Ltd, a popular power bank and phone accessories company. When the brand relaunched, they signed Don Jazzy as ambassador.
4. Brand Deals and Partnerships
Cubana has signed several endorsement deals with top brands. He is one of the few Nigerian businessmen to become a Samsung ambassador.
The company celebrated his 50th birthday publicly and collaborated with him on limited-edition launches. He is also the brand ambassador for Axion Africa Limited, a construction materials company that targets young business owners through his influence.
5. Transport Investment
In 2025, Obi Cubana invested heavily in Enviable Transport Service and became its chairman and majority shareholder. The company is led by CEO Ituma Chukwuemeka Enviable and aims to modernize inter-state travel in Nigeria. Cubana provides both the business structure and the financial muscle behind the project.
Personal Life
Obi Cubana is married to Ebele Iyiegbu, his long-time lover. They have been married since 2008.
The couple met when Obi was living in a boy’s quarter in Abuja and have been together ever since.
Ebele Iyiegbu was born in 1979 and hails from Obosi, Anambra State.
She is a lawyer at Bryan Micheals & Associates and also the director at Casa Cubana Homes and the founder of KIEK Foundation, an NGO dedicated to helping less privileged children.
Obi Cubana often praises his wife for being his biggest support system. According to him, her calm nature and intelligence keep their home peaceful despite the attention that comes with his fame.
Obi Cubana has five children (4 biological with 1 adopted) namely:
- Alex (first son)
- Ifeanyi
- Ebube
- Kosisochukwu
- Chidi (adopted son)
Obi Cubana Assets – Cars and Houses
Obi Cubana’s garage is filled with so many luxurious cars, which include;
- 2022 Mercedes Benz
- Maybach S580,
- Lexus Lx
- Mercedes Benz 4Matic S40
- Range Rover
- Rolls Royce Phantom
- Brabus G-Wagon
- 2021 Mercedes Benz AMG GLE 53
- Mercedes Benz Sprinter
Obi Cubana has also invested in several properties. He owns several houses in Nigeria and London, as well as several luxury hotels and smart homes.
Controversies and Challenges
Obi Cubana’s success has not come without drama. Over the years, he has faced several controversies which we will highlight below:
EFCC Arrest
In 2021, the Economic and Financial Crimes Commission (EFCC) arrested Obi Cubana over allegations of money laundering and tax fraud. The news went viral and dominated social media for days.
After investigations, he was released three days later, and the EFCC did not find him guilty of any crime. He returned to his home and even joked about the incident in interviews, saying that he had nothing to hide.
Ritual Allegations
After his wife, Ebele, fell ill some years ago, a close friend of Cubans started spreading rumors that he used her for money rituals. In an interview with Chude Jideonwo, he denied the story completely, explaining that his wife had a health issue, not a spiritual one. She recovered fully, and the couple moved past the rumors.
Adopted Son Drama
In mid-2025, his adopted son, Chidi, posted a TikTok video claiming to be Obi Cubana’s “next of kin.” The video went viral, and people started talking online. Obi Cubana later shared a photo of himself and his biological son, Alex, calling him the real “next of kin.” The post created mixed reactions, but it did not affect his public image.
Public Criticism
Obi Cubana is often called “showy” because of his love for luxury and parties, especially after his mother’s lavish burial in 2021. He has said several times that he is only celebrating hard work and success, not showing off.
Philanthropy and Charity Works
Obi Cubana is deeply involved in giving back to society. Here are some of the ways that he has empowered people.
Supporting His Wife’s Vision
First before others, let’s talk about how he supports his wife Ebele Iyiegbu, in growing her Online community, Ahava Group. The brand which focuses on empowerment, leadership, and coaching in the business sector has helped a lot of people from different parts of the world. In October 2025, he joined her in South Kensington, UK for the Ahava Business Conference UK Impact, where he spoke as a guest panelist.
Changing the Life of a Nigerian Hawker
Obi cubana showed his support for Ekuma Jeremiah, the Lagos hawker who went viral in 2022 for handing out money to inmates inside a Nigerian Correctional Service bus in Ajah.
After the video blew up online, Obi Cubana reached out to Ekuma and promised to help him turn his life around. Instead of taking quick cash offers or brand deals that came his way, Ekuma told Cubana he wanted to go back to school.
Cubana supported that dream, and in September 2025, Ekuma officially graduated with a law degree from Ebonyi State University.In a celebratory post, Obi Cubana praised him for choosing education and hard work over shortcuts, calling him a “true example of focus and discipline.”
Youth Empowerment
Through his Cubana Group, he has empowered hundreds of young men by helping them start their own businesses. Many of his former staff members now run their own clubs and lounges under the Cubana brand. He also supports entrepreneurs with grants and mentorship, saying his goal is to “build more millionaires, not fans.”
Conclusion
Obi Cubana is a master at expanding net worth. He is always on the lookout for new ways to increase his income. His business mind, connections, and hardworking nature have made him one of the most successful entrepreneurs in Africa.
