Nigeria: Business mugul, Cubana Chief priest granted N10m bail amid Naira abuse trial
By Charity Nginyu
The Federal High Court in Lagos State, Nigeria has granted bail to businessman Pascal Okechukwu, famously known as Cubana Chief Priest.
The court presided over by Justice Kehinde Ogundare, sanctioned a bail sum of N10 million alongside two sureties.
Cubana Chief Priest’s appearance before the court follows allegations of tampering and abusing the national currency, the naira, during a social event held at the prestigious Eko Hotel on February 13, 2024.
The charges levied against him are in direct violation of the Central Bank Act of 2007, according to details gleaned from Punch Newspaper.
During the proceedings, Cubana reportedly entered a plea of not guilty to the charges brought against him, vehemently denying any wrongdoing in the alleged incident.
However, the prosecution maintains that Cubana Chief Priest engaged in the act of “spraying” the naira, an action deemed illegal under Nigerian law.
This legal development comes hot on the heels of a similar case involving another notable personality.
Just days prior, the Economic and Financial Crimes Commission (EFCC) secured a conviction against popular cross-dresser, Idris Okuneye, more commonly known as Bobrisky, on analogous charges of abusing the national currency.
Bobrisky was handed a six-month prison sentence in connection with his actions.
