Nigeria’s nightlife and hospitality king, Obi Cubana (born Obinna Iyiegbu), has revealed his intention to step away from active business operations once he hits the age of 60.

Daily Post, the businessman disclosed this decision during a public event where he reflected on his journey in business. According to a report by Daily Post

A source from the story states that Cubana commented, “I want to retire from business at 60,” underscoring his readiness to transition to a different phase of life and leadership. Why the decision now?

Maturing vision

At 50 years old, Obi Cubana is already regarded as having built a diversified empire encompassing hospitality, entertainment, real estate and retail. His declaration suggests a deliberate move to consolidate his legacy and perhaps empower the next generation.

Industry observers suggest that planning retirement at 60 is not about leaving the business entirely, but redefining his role  potentially moving from hands-on operations to boardroom or advisory functions.

Continuity in leadership

For the Cubana Group and associated business interests, this announcement signals that leadership succession and strategic hand-off mechanisms may already be in motion. Clear pathways may emerge for trusted lieutenants or family members to steer operations when Obi Cubana steps back.

Branding and legacy reinforcement

By giving advance notice of his planned retirement age, Obi Cubana reinforces his brand as a thoughtful entrepreneur with long-term vision not merely a flamboyant nightlife impresario. This could help in attracting serious investors, partners and institutional stakeholders.

Market reaction

While no immediate changes in strategy are reported, the business community is watching closely. If the plan holds true, by age 60 his direct operational involvement may taper, even as his influence stays intact behind the scenes.

According to the Daily Post, Obi Cubana’s comment came during an appearance where he spoke of his achievements, values and future goals.

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Preparing next chapter

In his own words

“I want to retire from business at 60.”

With this declaration, Obi Cubana marks the beginning of a prepared transition, allowing time for his empire to adapt and evolve without disruption.

This move sets a precedent in the Nigerian business space  recognising that even dynamic, high-growth entrepreneurs may plan for planned succession and intentional stepping back, rather than perpetual day-to-day control.

Vision with an exit strategy

Obi Cubana’s decision to plan for retirement at age 60 underscores his maturity as a businessman and leader. The announcement signals more than an exit  it reflects a legacy-oriented mindset and a strategic pass-down of leadership. As he steps back, his influence may shift, but his role in shaping the business landscape in Nigeria is far from over.