Naira Abuse: Cubana Chief Priest Pleads Not Guilty, Granted N10m Bail

The Federal High Court in Lagos State, on Wednesday, April 17, granted businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, N10m bail with two sureties in like sum.

The sureties are to have landed property and the document must be verified by the court.

Cubana Chief Priest is also to submit his travel passport to the custody of the court.

The bail conditions must be perfected within seven days but in the meantime he was released to his lawyer who must give an undertaken to produce him later. Failure to do so, he will be remanded in correctional facility.

Earlier, the celebrity bar man pleaded not guilty to tampering and abusing the naira during his trial.

Cubana Chief Priest was arraigned before Justice Kehinde Ogundare on three counts bordering on abuse of naira by allegedly spraying and tampering with the nation’s currency at a social event, contrary to the provisions of the Central Bank Act of 2007.

He was alleged to have sprayed the naira on February 13, 2024, at Eko Hotel.

Cubana Chief Priest was said to have also committed the offences while dancing during a social event.

He was said to have tampered with funds in the denomination of N500 notes issued by the CBN by spraying the same for two hours.