The Economic and Financial Crimes Commission (EFCC) and entrepreneur Pascal Okechukwu, also known as Cubana Chief Priest, have reached an agreement to resolve the charges of Naira abuse leveled against him through an out-of-court settlement.
The proceedings of the socialite’s trial unfolded at the Federal High Court in Lagos on Thursday, May 2.
During today’s session, both parties reached a consensus to settle the dispute outside the courtroom. Subsequently, the trial was adjourned to June 5 to review the settlement report.
Earlier reports from LIB highlighted that on April 16, the EFCC filed three counts against Chief Priest, accusing him of alleged Naira spraying and tampering during an event at Eko Hotel on February 13, 2024, another occasion in Lagos in January 2024, and a separate event in 2020. He was subsequently arraigned before Justice Kehinde Ogundare on April 17.
Upon the reading of the charges during the court session, Chief Priest pleaded not guilty. He was granted bail in the amount of N10 million, with two responsible sureties required to post the same amount. Additionally, it was ordered that the bail conditions must be fulfilled within seven days.
