JUST IN: Naira Abuse: Court Grants Cubana Chief Priest N10m Bail

According to reports, the Federal High Court in Lagos State, on Wednesday 17th April, granted businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, N10m bail with two sureties in like sum.

Earlier, the celebrity bar man pleaded not guilty to tampering and abusing the naira during his trial.

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

The businessman who was alleged to have sprayed the naira on February 13, 2024, at Eko Hotel, was also said to have also committed the offences while dancing during a social event.

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.

In the charge marked FHC/L/ 246/2024, made available to newsmen, the Economic and Financial Crimes Commission alleged that sometime in 2020, during a social event in Lagos, Cubana Chief Priest tempered with funds in the denomination of N500 issued by the Central Bank of Nigeria, by spraying the same for two hours.

In Count 3, it was alleged: “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.”

Recall that the Anti-graft agency, on April 5, 2024, secured the conviction of controversial cross-dresser, Idris Okuneye, also known as Bobrisky, on similar charges for which he was sentenced to six-month imprisonment on Friday, April 12, 2024.

Meanwhile, earlier on Sunday, the EFCC revealed that it was probing several celebrities over alleged abuse of Naira notes.

In a statement, its spokesperson, Dele Oyewale, noted that, “Many of them have made useful statements to the commission and many more have been invited by investigators working on the matter.

The EFCC will not relent in its no-sacred-cow mode of operations and the public should be wary of running afoul of laws against the crime.”

Details shortly…

Subscribe to our newsletter for latest news and updates. You can disable anytime.