The saga surrounding alleged Naira abuse by Nigerian celebrities continues, with businessman Cubana Chief Priest’s case taking a new turn. The Federal High Court in Lagos has adjourned proceedings until June 25th to allow for an out-of-court settlement between Cubana Chief Priest, whose real name is Pascal Okechukwu, and the Economic and Financial Crimes Commission (EFCC). This development comes in stark contrast to the fate of fellow celebrity, Idris Okuneye, better known as Bobrisky, who was sentenced to a six-month jail term in April for similar charges.
Why It Matters
Both Cubana Chief Priest and Bobrisky were accused of violating Section 21(1) of the Central Bank Act of 2007 by spraying and tampering with Naira notes at social events. This act is considered disrespectful to the national currency.
Cubana Chief Priest, unlike Bobrisky who pleaded guilty, has maintained his innocence throughout the case. His legal team, led by Senior Advocate of Nigeria Chikaosolu Ojukwu, has been pushing for an out-of-court settlement since May 2nd. This strategy, if successful, could lead to the charges being dropped or a lighter sentence compared to Bobrisky’s harsher punishment.
What They Are Saying
The path towards an out-of-court settlement for Cubana Chief Priest hinges on productive negotiations between his lawyers and the EFCC. If both parties agree on a resolution, the court will be informed, potentially leading to a dismissal of the case. This approach offers Cubana Chief Priest a potential escape from facing a potentially lengthy trial and harsher penalties.
“Therefore, in the spirit of settlement, we have reached a consensus with the prosecution to further engage in negotiations, hence, hereby harmoniously request Your Lordship to vacate the matter for tomorrow the 5th Day of June 2024 to enable parties conclude alternative settlement and oblige us with a further date for report of settlement and possibly; conclusion of proceedings in limine,” the letter partly read.
“We humbly crave Your Lordship’s kind indulgence for further adjournment till the 25″, 26″, 27″ and or 28′” Day of June, 2024 for report of settlement.”
The contrasting outcomes for Cubana Chief Priest and Bobrisky highlight the significance of legal representation and strategy in such cases. Bobrisky’s guilty plea might have expedited the case but resulted in a harsher sentence. Cubana Chief Priest’s team, by opting for a not-guilty plea and pursuing an out-of-court settlement, is taking a calculated risk for a potentially more favorable outcome.
Bottom Line
The upcoming court date on June 25th will be crucial. If the settlement talks prove successful, the case could be concluded. However, if an agreement isn’t reached, the trial will resume.
