Federal High Court sitting in Lagos, on Tuesday, struck out the charge of Naira abuse brought against celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, by the Economic and Financial Crimes Commission.
Trial judge, Justice Kehinde Ogundare also ordered the Cubana Chief Priest to forfeit the sum of N10million to the Federal Government as part of an out-of-court deal the defendant agreed with the anti-graft agency in lieu of the charge.
This was contained in the terms of settlement agreement with the EFCC, which was adopted before Justice Ogundare on Tuesday.
At the proceedings, EFCC Counsel, 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.
Counsel to the defendant, Chikaosolu Ojukwu, SAN, commended EFCC’s reasonable action in having the matter resolved, stressing that the defendant is equally remorseful and promises to turn henceforth turn a new leaf.
Ojukwu stated that the consequences of the settlement is for the court to dismiss the charge.
Delivering his short ruling, Justice Ogundare adopted the terms of settlement and consequently struck out the charge.
According to the terms of settlement agreement pursuant to Section 14 (2) of the EFCC Establishment Act, 2004, “The agreement applies only to the findings relating to contraventions of the law contained tn the pending charge preferred against the defendant.
“The defendant entered 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 Ten million naira (N10,000,000:00) only upon the execution af this agreement.”
