In a legal development that has captured public attention, Pascal Okechukwu, widely known as Cubana Chief Priest, has been granted bail by the Federal High Court in Lagos State. The businessman and socialite, facing accusations of naira abuse, secured bail in the sum of N10 million with two sureties of similar amount.
The proceedings unfolded as Cubana Chief Priest pleaded not guilty to charges of tampering and abusing the nation’s currency during a social event. Allegedly, he sprayed and tampered with the naira at Eko Hotel on February 13, 2024, actions which the prosecution argues contravene the Central Bank Act of 2007.
The charges against Cubana Chief Priest span multiple incidents, including accusations of tampering with funds in N500 notes issued by the Central Bank of Nigeria during social events in both 2020 and January 2024. The allegations indicate a pattern of behavior where he allegedly sprayed the currency for extended periods, leading to charges under Section 21(1) of the Central Bank Act 2007.
This legal action against Cubana Chief Priest comes in the wake of similar cases involving public figures, such as the recent conviction of Idris Okuneye, popularly known as Bobrisky, on similar charges. Bobrisky was sentenced to six months in prison on April 12, 2024, highlighting the seriousness with which the authorities are treating such offenses.
The Economic and Financial Crimes Commission (EFCC), in its ongoing efforts to address the abuse of naira notes, has indicated a proactive stance, stating that it is investigating several celebrities in connection with such allegations. The EFCC has emphasized its commitment to upholding the law and ensuring that individuals, regardless of their status, are held accountable for their actions.
In response to the developments, the EFCC has urged the public to be aware of the consequences of violating laws against currency abuse, emphasizing its determination to pursue justice without prejudice.
As Cubana Chief Priest navigates the legal process, this case serves as a reminder of the importance of respecting the integrity of the nation’s currency and the consequences that may arise from its abuse. It also underscores the principle that no individual is above the law, regardless of their social status or prominence in society.
As the legal proceedings unfold, the public awaits further developments in this high-profile case, which has once again brought the issue of currency abuse to the forefront of public discourse.