Popular celebrity bar man, Pascal Okechukwu fondly called Cubana chiefpriest has settled his legal disputes with the Economic and Financial Crimes Commission (EFCC).
In exchange for a bond requiring good behaviour, he gave up N10 million to the Federal Government.
The EFCC accused the socialite of abusing the naira, which led to the filing of charges against him.
There has been an out-of-court settlement agreement between the efcc and the celebrity bar man which was accepted by the Federal High Court in Lagos.
As stipulated in the agreement, Cubana Chief Priest would additionally take part in awareness-raising and advocacy efforts against the misuse of naira as well as other financial and economic offences.
Every two months, he must upload films to social media that advocate for the appropriate use of naira and denounce relevant offences.
The agreement was duly signed and approved by both parties and adopted by the trial judge, Justice Kehinde Ogundare, on Tuesday.
The EFCC’s counsel, Bilkisu Buhari-Bala, informed the court that the parties had reached an agreement, and the defendant’s counsel, Chikaosolu Ojukwu (SAN), commended the EFCC for their reasonable action in resolving the matter.
Ojukwu also acknowledged his client’s remorse and promised that Cubana Chief Priest would turn over a new leaf going forward.
The consequences of the settlement include the court dismissing the charge, and Cubana Chief Priest forfeiting the sum of N10 million to the consolidated revenue fund of the Federation.
The terms of the settlement agreement, pursuant to Section 14(2) of the EFCC Establishment Act, 2004, also require Cubana Chief Priest to engage in rigorous and intensive sensitization and campaign against the abuse of coins and notes issued under the Central Bank of Nigeria (CBN) Act as legal tender.
