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Court Grants Cubana Chief Priest N10m Bail See Why
LAGOS, (iexclusivenews) – In a recent development that has caught the attention of the nation, the Federal High Court in Lagos State has set the bail for renowned businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, at N10 million.
The court stipulated that two sureties must match the bail amount to secure his release.
Cubana Chief Priest Maintains Innocence Amidst Naira Abuse Allegations
During the proceedings, Cubana Chief Priest maintained his innocence, pleading not guilty to the charges of mishandling and disrespecting the Nigerian currency.
The allegations against him include the improper use of the naira notes during a public gathering, which is a serious offense under Nigerian law.
Judicial Scrutiny on Currency Abuse
Justice Kehinde Ogundare presided over the case, where Cubana Chief Priest faced three counts of currency abuse.
The charges stem from an incident where he was accused of spraying and mishandling the naira notes at a social event, actions deemed contrary to the Central Bank Act of 2007.
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Alleged Incident at Prestigious Eko Hotel
The incident in question reportedly took place on February 13, 2024, at the prestigious Eko Hotel.
It was during a lively social event where Cubana Chief Priest was seen dancing and allegedly spraying N500 notes—a denomination issued by the Central Bank of Nigeria (CBN)—for an extended period.
The court highlighted the importance of respecting the national currency, emphasizing that the alleged behavior of tampering with the funds not only disrespects the legal tender but also violates the country’s financial regulations.
A Reminder of Legal Boundaries
This case serves as a stark reminder of the legal boundaries surrounding the treatment of the naira. As Cubana Chief Priest awaits further legal proceedings, the public discourse turns to the respect for national symbols and the enforcement of financial laws in Nigeria.
