The Economic and Financial Crimes Commission (EFCC) has taken businessman and socialite Pascal Okechukwu, widely known as Cubana Chief Priest, into custody ahead of his arraignment today. He faces charges related to the alleged misuse of the nation’s currency at a social event, breaching the Central Bank Act of 2007.
EFCC spokesperson Dele Oyewale confirmed the development, stating that Cubana Chief Priest would appear before Justice Kehinde Ogundare at the Federal High Court in Lagos.
The charges against him allege that during a social gathering at Eko Hotel on February 13, 2024, he sprayed and tampered with N500 notes, violating the Central Bank Act. Similar incidents are cited from events in 2020 and January 2024.
This move by the EFCC follows the recent conviction of popular cross-dresser Bobrisky on similar charges. The EFCC has intensified its efforts to address Naira abuse, inviting and investigating several celebrities in connection with the issue.
Responding to criticism, the EFCC clarified its focus on new cases of Naira abuse, notwithstanding the circulation of older videos depicting such misconduct. The agency reaffirmed its commitment to upholding the integrity of the national currency and urged public cooperation in combating financial infractions.
As the EFCC continues its crackdown on Naira abuse, Cubana Chief Priest’s detention underscores the agency’s resolve to uphold financial regulations and prosecute offenders. Stay tuned for further updates on this developing story.