The Economic and Financial Crimes Commission (EFCC) and Lagos socialite, Cubana Chief Priest, have agreed to settle out of court, the naira abuse charge filed against the celebrity barman.
Mr Chikaosolu Ojukwu (SAN), the defense counsel for the Cubana Chief Priest, announced the planned out of court settlement at the resumed hearing of the case on Thursday before a Federal High Court sitting in Lagos.
However, Mrs Bilikisu Buhari appeared for the prosecution.
The defense counsel informed the court that the parties were exploring settlement and have applied the matter be settled pursuant to the provisions of section 14(2) of the EFCC Act.
The Daily Crucible reports that Federal High Court in Lagos State, had on Wednesday, April 17, granted Cubana Chief Priest N10m bail with two sureties in like sum.
He was arraigned before Justice Kehinde Ogundare on three counts bordering on abuse of naira, spraying and tampering with the nation’s currency at a social event contrary to the provisions of the Central Bank Act of 2007.
The socialite was alleged to have sprayed the naira on February 13, 2024 at Eko Hotel.
Cubana Chief Priest was alleged to have also committed the offences while dancing during a social event.
