Cubana Chief Priest Forfeits N10m As Court Strikes Out Charge

Posted on June 25, 2024

Justice Kehinde Ogundare of the Federal High Court sitting in Lagos Tuesday, June 25, 2024, struck out the charge of naira abuse filed against celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, by the Economic and Financial Crimes Commission (EFCC).

The judge also directed Okechukwu to forfeit the sum of N10 million to the Federal Government as part of an out-of-court deal the defendant agreed with the EFCC in lieu of the charge.

This was contained in the terms of settlement agreement with the Economic and Financial Crimes Commission (EFCC) which was adopted before the trial judge, Justice Kehinde Ogundare on Tuesday.

At the proceedings, Counsel for the EFCC, Bilkisu Buhari-Bala, informed the court that parties in the charge entered into the out of-court settlement and same was duly signed by both parties.

The defendant’s counsel, Senior Advocate of Nigeria, Chikaosolu Ojukwu commended the reasonable action of the anti-graft agency in having the matter resolved.

He said the defendant is equally remorseful and promises to turn over a new leaf going forward.

Ojukwu also said that the consequences of the settlement is for the court to dismiss the charge.

Justice Ogundare in his short ruling adopted the terms of settlement and consequently struck out the charge.

The terms of settlement agreement pursuant to Section 14 (2) of the EFCC Establishment Act, 2004, read:

“The agreement applies only to the findings relating to contraventions of the law contained in the pending charge preferred against the defendant.

“The defendant thall enter into a bond with the EFCC to be of good behaviour and never indulge in any Economic and Financial Crime or related offences.

“The Defendant shall engage in rigorous and intensive sensitisation and/or campaign against the abuse of coins and notes issued under the CBN Act as legal tender.

“The defendant shall bi-monthly post on his various social media handles a minimum of two video clips of his sensitisation/campaign against abuse of naira and sundry offences.

“The Defendant shall pay to the consolidated revenue fund of Federation such sum not below the sum of N10 million only upon the execution of this agreement.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

KINGSLEY EBERE  Police intelligence operatives from the Akwa Ibom State Police Command have arrested... Continue
  The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has strongly condemned... Continue
MICHAEL AKINOLA  A 30-year old man, Nnaemeka Azubuike has landed in trouble in Lagos... Continue
A retired CEO of Nestle Plc, Chief Segun Osunkeye, who later served as Chairman... Continue
After due consideration of the memo presented by Mr. Paulinus Onyeka, Anambra State Commissioner... Continue
The Nigeria Police Force has said that it is deeply perturbed by the dissemination... Continue
Senator Tokunbo Afikuyomi paid a condolence visit over the weekend to former Senate President... Continue
The public is hereby informed that the MTN phone number of Senator Ita Enang... Continue
The Executive Chairman of Ojodu LCDA, Lagos State, Hon Segun Odunmbaku, has said that... Continue
ROSE ORANYE  Anambra State Road Traffic Management Agency (ARTMA) has advised drivers to adhere... Continue

UBA


Access Bank

Twitter

Sponsored