Renowned Nigerian socialite, Cubana Chief Priest, has reportedly arrived at the Federal High Court sitting in Ikoyi, Lagos State for the recommencement of his Naira abuse trial.
Recall that on April 16, the Economic and Financial Crimes Commission (EFCC) filed a three-count charge against him over purported abuse of the Naira note.
He was subsequently arraigned the following day at the Federal High court in Lagos State and when the charges were read during the court sitting, the social media celebrity pleaded not guilty to them.
Kehinde Ogundare, the judge, then granted him bail in the sum of 10 million Naira with two responsible sureties in like sum.
The judge also ruled that the bail conditions had to be concluded within seven days.
Eventually, Cubana Chief Priest was released to his lawyer who had to give an undertaken to present him to court at a later date with the threat that he (Cubana) will be remanded in a correctional facility if his lawyer fails to do so.
Why It Matters:
Cubana Chief Priest is facing trial on charges of Naira abuse for several reasons, some of which include:
- Allegations by EFCC: The Economic and Financial Crimes Commission (EFCC) filed a three-count charge against him over a purported abuse of the Naira note.
- Legal Proceedings: Cubana had pleaded not guilty to the charges, however, the legal process is ongoing, and his continued appearance in court means that the case is gradually progressing through the judicial system.
Bottom Line:
Overall, the trial of this notable socialite serves as a warning to the average Nigerian on the importance of respecting the Nigerian currency and the legal consequences for any perceived abuse on it.
