Updated: Cubana Chief Priest Escapes Imprisonment, To Settle Out Of Court

The Economic and Financial Crimes Commission (EFCC) and celebrity businessman, Pascal Okechukwu, popularly known as Cubana Chief Priest, have reportedly agreed to settle out of court regarding the naira abuse case slammed against the socialite.

Recall that the EFCC had earlier dragged Cubana Chief Priest to court over allegations of naira abuse.

He was, however, granted a ₦10 million bail after he pleaded not guilty to the charges at the Federal High Court in Lagos on April 17.

The EFCC arraigned him before Justice Kehinde Ogundare on three counts bordering on abuse of naira, spraying, and tampering with the nation’s currency at a social event contrary to the provisions of the Central Bank Act of 2007.

At the resumption of proceedings before a Federal High Court in Lagos on Thursday, Mrs. Bilkisu Buhari appeared for the prosecution while Mr. Chikaosolu Ojukwu announced an appearance for the defendant.

The defence counsel informed Justice Kehinde Ogundare that the parties were exploring settlement and have applied that the matter be settled pursuant to the provisions of Section 14(2) of the EFCC Act.