• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Naira Abuse: Cubana Chief Priest Gets N10m Bail

by Olugbenga Soyele
1 year ago
in News
Cubana
Share on WhatsAppShare on FacebookShare on XTelegram

Justice Kehinde Ogundare of the Federal High Court in Lagos on Wednesday granted bail to businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, over an allegation of abusing the Naira.

Advertisement

Justice Ogundare admitted him to bail after he pleaded not guilty to a three-count charge of allegedly spraying and tampering with the Naira at a social event contrary to the provisions of the Central Bank Act of 2007 brought against him by the Economic and Financial Crimes Commission (EFCC).
The judge ordered him to produce two sureties in like sum who must be gainfully employed with the Federal or State Government and not below grade level 16.
The court also directed that the sureties must have landed property within its jurisdiction, and the prosecution and the court must verify the document.

The defendant must also submit his international passport to the court’s custody.
Although the judge released the defendant to his lawyer pending the perfection of the bail terms, he gave him seven days to do so; failing that, he would be remanded in a correctional facility.

The EFCC prosecutor, Mrs Bilikisu Buhari, told the court that the defendant committed the alleged offence on February 13, 2024, at Eko Hotel during a social event.

Buhari also told the court that the defendant, while dancing during a social event in 2020, tampered with funds in the denomination of N500 notes issued by the Central Bank of Nigeria by spraying the same for two hours.

RELATED

We Suffered In Hands Of Bandits, Kukah’s Brother Narrates Experience

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

6 minutes ago
Youth Empowerment On The Radar Of Dikko Radda

Katsina Govt Moves Against Threats To Peace, Stability

7 minutes ago

She also said that in January 2024, in Lagos State, during a social event, the defendant tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying the same.

The prosecutor maintained that the offence committed is contrary to and punishable under Section 21(1) of the Central Bank Act 2007.
While moving the bail application, the defence counsel, Chikaosolu Ojukwu (SAN), urged the court to grant his client bail on liberal terms.

Ojukwu told the court that the defendant was admitted to bail by the anti-graft agency based on his health condition, adding that due to his weight, the defendant suffers palpitation.

The lawyer also argued that the offence with which the defendant is charged is a misdemeanour and that the prescribed punishment ranges from a fine of N50,000 to an imprisonment term of six months.

He further informed the court that the defendant is a first offender with no past criminal records, and is an employer of labour with over 1,000 employees on his payroll.
The prosecutor did not oppose the application and Justice Ogundare adjourned the matter to May 2 for trial.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Cubana Chief PriestNaira Abuse
SendShareTweetShare
Previous Post

Bandits Invade Kaduna Community, Abduct Dozens

Next Post

Controversy Trails Conflicting Court Orders Over Yahaya Bello’s Arrest

Olugbenga Soyele

Olugbenga Soyele

You May Like

We Suffered In Hands Of Bandits, Kukah’s Brother Narrates Experience
News

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

2025/06/08
Youth Empowerment On The Radar Of Dikko Radda
News

Katsina Govt Moves Against Threats To Peace, Stability

2025/06/08
Contractors, Delta Govt Trade Blame Over Alleged N78bn Contract
News

Delta Govt Approves Repair Of Palace Road, N6.7bn UBEC Grant

2025/06/08
HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha
News

HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha

2025/06/08
Private Sector Participation Critical To  Development Of Niger Delta – Expert
News

NDDC Will Sustain Support For Digital Transformation In Niger Delta, Says Ogbuku

2025/06/08
Edo Gov’t Directs Okpella Kingmakers To Begin Selection Of New Okuokpellagbe
News

Gov Eno’s Defection Will Unlock Opportunities In South-South – Okpebholo

2025/06/08
Leadership Conference advertisement

LATEST

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

Katsina Govt Moves Against Threats To Peace, Stability

Delta Govt Approves Repair Of Palace Road, N6.7bn UBEC Grant

HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha

NDDC Will Sustain Support For Digital Transformation In Niger Delta, Says Ogbuku

Gov Eno’s Defection Will Unlock Opportunities In South-South – Okpebholo

No Trust, No Police

Risk Managers Seek Review Of Nigeria’s Early Warning Systems

$300m AMCE To Curb Medical Tourism Drain

COAS Lauds Army Veterans, Reaffirms Support For Welfare

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.