Naira Abuse: Court Grants Cubana Chief Priest N10m Bail

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Businessman and socialite Pascal Okechukwu, also known as Cubana Chief Priest, has been granted N10 million in bail with two sureties in the same amount by Justice Kehinde Ogundare of the Federal High Court in Lagos State.

During his trial, the well-known barman reportedly entered a not guilty plea to charges of manipulating and abusing the currency.

Cubana Chief Priest was charged with three counts of allegedly abusing naira by spraying and tampering with it during a social gathering, in violation of the Central Bank Act of 2007. The charges were brought before Justice Kehinde Ogundare.

It was claimed that on February 13, 2024, in the Eko Hotel, he sprayed the naira.

It was also said that Cubana Chief Priest had committed the charges while dancing at a social gathering.

He was said to have tampered with funds in the denomination of N500 notes issued by the CBN by spraying the same for two hours.

The Economic and Financial Crimes Commission detained businessman and socialite Pascal Okechukwu, also known as Cubana Chief Priest, ahead of his arraignment today (Wednesday) before the Federal High Court in Lagos.

Cubana Chief Priest will be charged before Justice Kehinde Ogundare with three charges of naira misuse for allegedly spraying and tampering with the nation’s currency at a social gathering, in violation of the Central Bank Act of 2007.

Dele Oyewale, spokesperson for the EFCC, confirmed the development on Tuesday.