The Economic and Financial Crimes Commission and Socialite Pascal Okechukwu, popularly known as Cubana Chief Priest, have agreed to settle the naira abuse charge slammed against the socialite out of court.

Recall the EFCC had dragged Cubana Chief Priest to court over allegations of naira abuse, but the socialite was granted a ₦10 million bail after he pleaded not guilty to the charges at the Federal High Court in Lagos on April 17.

The judge then adjourned the case until May 2, 2024, for a hearing of the preliminary objection and trial.

The celebrity barman 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.

When the matter was called on Thursday, Cubana Chief Priest’s counsel, Chikaosolu Ojukwu (SAN) informed the court that the parties are exploring settlement and have applied that the matter be settled under the provisions of Section 14(2) of the EFCC Act.

EFCC’s prosecution counsel, Mrs Bilikisu Buhari, confirmed that the parties were discussing a settlement and that the application was still being considered.