Celebrity barman, Cubana Chief Priest may receive a lighter sentence over Naira abuse allegation slammed against him by the Economic and Financial Crimes Commission (EFCC) as both parties have agreed for out of court settlement.
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 contrary to the provisions of the Central Bank Act of 2007.
The socialite was alleged to have sprayed the naira on February 13, 2024 at Eko Hotel.
Cubana Chief Priest was said to have also committed the offences while dancing during a social event.