The Economic and Financial Crimes Commission (EFCC) and popular socialite, Cubana Chief Priest, have agreed to settle out of court in the naira abuse case before a Federal High Court in Lagos.
The trial of the socialite continued at the Federal High court in Lagos on Thursday, May 2.
At today’s sitting, both parties agreed to settle the matter out of court, after which the trial was adjourned to June 5 for the hearing of the settlement report.
Cubana Chief Priest was accused of abusing the naira on February 13, 2024 at Eko Hotel.
The EFFC later arraigned him 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.
But he was on April 17 granted a N10m bail with two sureties in like sum.
