Naira abuse: Socialite Cubana ChiefPriest and EFCC to settle out of court.

The Economic and Financial Crimes Commission (EFCC) and socialite Pascal Okechukwu, popularly known as Cubana Chief Priest, have agreed to settle the naira abuse charge outside of court.

TheNation reports that the out-of-court settlement was disclosed when the proceedings resumed on Thursday morning, May 2. Recall that EFCC had on April 16 filed a three-count charge against Okechukwu over alleged naira abuse.

He was arraigned the following day at the federal high court in Lagos and pleaded not guilty to the charges. The judge thereafter granted him bail in the sum of N10 million with two responsible sureties in like sum.