Naira abuse: Cubana Chief Priest explores out-of-court settlement with EFCC

The popular socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, is exploring an out-of-court settlement with the Economic and Financial Crimes Commission(EFCC) over alleged Naira abuse charge.

The out-of-court settlement was disclosed on Thursday when the proceedings resumed.

Cubana Chief Priest appeared before Justice Kehinde Ogundare, facing a three-count relating to abuse of the Naira at a social gathering, which he pleaded not guilty.

According to EFCC, this action violates the Central Bank Act of 2007.

The judge then adjourned the case until May 2, 2024, for a hearing of the preliminary objection and trial.

When the matter was called on Thursday, Cubana Chief Priest’s counsel, Chikaosolu Ojukwu SAN informed the court that the parties are exploring settlement and have applied that the matter be settled under the provisions of Section 14(2) of the EFCC Act.

EFCC’s prosecution counsel, Mrs Bilikisu Buhari, confirmed that the parties were discussing a settlement and that the application was still being considered.

EFCC had, during arraignment, told the court that the defendant committed the alleged offence on February 13, 2024, by spraying the Naira at the Eko Hotel while dancing during a social event.

The commission also told the court that Cubana Chief Priest, while dancing during a social event, tampered with funds in the denomination of N500 notes issued by the Central Bank of Nigeria by spraying the same for two hours.

According to the anti-graft agency, the offence committed is contrary to and punishable under Section 21(1) of the Central Bank Act 2007.