Naira Abuse: EFCC And Cubana Chief Priest Agree To Out Of Court Settlement

Adoga Stephen By Adoga Stephen - Editor-In-Chief
2 Min Read

The Economic and Financial Crimes Commission (EFCC) and Okechukwu Pascal, popularly knowns as Cubana Chief Priest, have reportedly reached an agreement to settle the naira abuse charge against the socialite out of court.

The celebrity barman was accused of abusing the naira, spraying it, and tampering with the nation’s currency at a social event.

The EFCC stated that this act goes against the Central Bank Act of 2007.

The socialite was accused of spraying money at Eko Hotel on February 13, 2024. Cubana Chief Priest was also accused of the same offense while dancing at a social event.

However, he was granted N10 million in bail on Wednesday, April 17, by the Federal High Court in Lagos State.

The charge sheet, which was filed on April 4, 2024, by EFFC’s prosecutor Rotimi Oyedepo (SAN) and seven other lawyers representing the chairman of the anti-graft agency, reads:

“That you, Okechukwu Pascal on 13th Feb. 2024, at Eko Hotel, within the jurisdiction of the court, while dancing during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same for two hours, and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007”.

“That you Okechukwu Pascal sometime in 2020, in Lagos during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same for two hours, and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007.

”That you Okechukwu Pascal sometime in January 2024, in Lagos during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007.”

Share This Article
By Adoga Stephen Editor-In-Chief
Follow:
Stephen studied Mass Communication at the Lagos State Polytechnic, Ikorodu (now Lagos State University of Science and Technology), where he acquired requisite training for the practice of journalism. He loves the media, and his interest mostly lies in print medium, where his creative writing skill makes him a perfect fit.