The Economic and Financial Crimes Commission (EFCC) and Cubana Chief Priest have reached an out-of-court settlement with respect to the naira abuse case against the nightlife promoter.
Cubana arrives at the federal high court, Ikoyi, Lagos, on Thursday for the continuation of his “naira abuse” trial.
The Economic and Financial Crimes Commission (EFCC) charged him on April 16 on three counts related to alleged naira abuse.
He was arraigned the following day at the federal high court in Lagos.
When the charges were read, the social media celebrity pleaded not guilty.
Kehinde Ogundare, the judge, thereafter granted him bail in the sum of N10 million with two responsible sureties in like sum.
The judge ruled that the bail conditions must be perfected within seven days.
Cubana was released to his lawyer who must give an undertaken to produce him later. The trial was adjourned to May 2 for continuation.
More to come…
