Court has granted Cubana Chief Priest N10m bail after not pleading guilty to Naira abuse.
Glamtush reports that the Federal High Court in Lagos State, on Wednesday, granted businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, N10m bail with two sureties in like sum.
This online news platform recalls that earlier, the celebrity barman pleaded not guilty to tampering and abusing the naira during his trial.
After he pleaded not guilty, the court granted him bail in the sum of ₦10m with two responsible sureties in like sum who must be gainfully employed with the federal or state government and not less than grade level 16.
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.
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, 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.
Details later…
