Naira Abuse: Court Grants Cubana Chief Priest N10m Bail
A Federal High Court sitting in Lagos State, presided over by Justice Kehinde Ogundare, on Wednesday, granted billionaire businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, N10 million bail with two sureties in like sum.
Okechukwu had pleaded not guilty to the charges of tampering with and abusing the naira during his trial.
He was arraigned on three counts bordering on abuse of naira by allegedly spraying and tampering with Nigeria’s currency at a social event, contrary to the provisions of the Central Bank Act of 2007.
Cubana Chief Priest was also alleged to have sprayed the naira on February 13, 2024, at Eko Hotel and therefore committed the offences while dancing at a social event.
Accordingly, Cubana Chief Priest was alleged to have tampered with funds in the denomination of N500 notes issued by the CBN by spraying the same for two hours.
