Billionaire businessman Obinna Iyiegbu, popularly known as Obi Cubana, is currently facing a challenging time, as shown in a video making the rounds on the internet.
Court sheriffs, on Tuesday, December 9, 2025, reportedly executed an eviction order at Plot 81, Ademola Adetokunbo Crescent, Wuse II, Abuja, the building that formerly housed the popular Cubana Lounge.
After a court judgment, the property was handed over to another businessman, Collins Onwuzulike.
In the new video circulating on the internet, people were seen removing items including chairs, sofas, tables, and other valuables belonging to Obi Cubana from the building.
These items were stacked outside the building, while some of the decorations were being taken down from inside the lounge.
The squabble that the popular business mogul, who marked his birthday a few months ago, is battling dates back to July 2025, when the High Court of the Federal Capital Territory (FCT), Gwagwalada, ruled that the proprietor of SEMC Investment Ltd., Onwuzulike, was the legitimate owner of the property.
Going by court documents, Onwuzulike reportedly purchased the property from Reverend Chidiebere Amakaeze for ₦2 billion, supported by a Power of Attorney and Deed of Assignment executed with effect from May 1, 2024.
The court, in its judgment, noted that despite completing the purchase and executing the transfer , the buyer had been unable to take possession of the building.
Justice J.A. Aina therefore ordered the defendants to immediately vacate the premises and directed the Inspector General of Police and other security agencies to assist the rightful owner in taking possession of same.
Possession process was however delayed after another group claiming interest in the property secured a temporary restraining order from the FCT High Court, Bwari, Abuja.
That restraining order has now expired, paving the way for Tuesday’s eviction enforcement.
With the successful execution of the eviction, the keys to the building were formally handed over to Onwuzulike’s lawyer, signalling complete possession of the property after months of legal battles.
After Court Action on the lounge, leading to a reported losses of about N800 million by Obi Cubana, the building may be demolished.
The businessman’s landlord had been in a land tussle on the property for quite a while, and he was later evicted from the property.
Report on part of the amount the Nigerian billionaire businessman, Obi Cubana reportedly lost after the court took action on his lounge in Abuja has surfaced online.
This is not an interesting time for the embattled businessman who has been facing eviction challenges on the property he rented in Abuja for one of his many businesses.