The Economic and Financial Crimes Commission (EFCC) and Cubana Chief Priest, have agreed to settle the naira abuse charge slammed against the socialite out of court.
The out of court settlement was made known at the resumption of proceedings on Thursday.
At the resumption of proceedings, Mrs Bilikisu Buhari appeared for the prosecution while Mr Chikaosolu Ojukwu (SAN) announced appearance for the defendant.
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 Federal High Court in Lagos State, 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 on the 13th of february 2024 qhich is contrary to the provisions of the Central Bank Act of 2007.
Cubana Chief Priest was said to have also committed the offences while dancing during a social event.
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