Breaking: EFCC, Cubana Priest agree to settle out of court over Naira abuse

Cubana Chief Priest, the popular nightlife promoter, and Economic and Financial Crimes Commission (EFCC), have agreed to settled out of court over ongoing naira abuse case.

This decision was outstretch during a hearing at the Federal High Court in Ikoyi, Lagos, where Cubana Chief Priest appeared for his trial continuation.

EFCC filed a three-count charge against the social media celebrity in April, accusing him of naira abuse. When he was prosecuted on April 17, he pleaded not guilty to all charges. Kehinde Ogundare, the judge, granted him bail of N10 million with two responsible sureties in like sum, with conditions to be met within seven days.

Cubana Chief Priest was released to his lawyer under the condition that he must return to court when required. The trial was then adjourned to May 2 for continuation. However, during the most recent hearing, both parties agreed to settle the matter outside of court. As a result, the trial was further adjourned to June 5 for the hearing of the settlement report.

Cubana Chief Priest is a widely known figure in the nightlife industry and social media, famous for his luxurious lifestyle and close ties with Afrobeats singer Davido.

He was earlier the general manager of Cubana Groups but left in September 2020 to establish Club Xhrine in Owerri, Imo State.

In January 2022, he was appointed as a social media aide to Hope Uzodinma, the Governor of Imo State, and also awarded a Doctor of Science in Event and Luxury Hospitality Management degree from the European American University in 2021.