Naira Abuse: Cubana Chief Priest Granted ₦10m Bail

The Federal High Court in Lagos State, on Wednesday, granted businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, ₦10 million bail with two sureties in like sum.       

During the proceedings, Cubana Chief Priest pleaded not guilty to tampering and abusing the naira. The charges against him include allegations of spraying and tampering with the nation’s currency at a social event, contrary to the provisions of the Central Bank Act of 2007.

Arraigned before Justice Kehinde Ogundare, Cubana Chief Priest faced three counts related to the abuse of the naira. It was alleged that he sprayed the currency during a social event at Eko Hotel on February 13, 2024, and also tampered with funds in the denomination of N500 notes issued by the Central Bank of Nigeria.

The charge, marked FHC/L/246/2024, obtained by The PUNCH, detailed the allegations, including incidents from 2020 where Cubana Chief Priest was said to have tampered with funds during social events in Lagos.

The Economic and Financial Crimes Commission (EFCC) had been probing several celebrities over alleged abuse of Naira notes, with popular cross-dresser, Idris Okuneye, also known as Bobrisky, recently convicted on similar charges. Bobrisky was sentenced to six months in prison on Friday, April 12, 2024.

In response to inquiries, EFCC spokesperson, Dele Oyewale, emphasized the commission's commitment to thorough investigations and enforcement of relevant laws, cautioning the public against violating regulations governing currency handling.

 

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