Cubana Chief Priest pleads not guilty, granted ₦10m bail for alleged Naira abuse


April 17, 2024.

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Azonuchechi Chukwu.

According to recent reports, Pascal Okechukwu, widely known as Cubana Chief Priest, has entered a plea of not guilty and has been granted bail in the sum of ₦10 million by a prominent Nigerian court following his arraignment by the EFCC.

The Economic and Financial Crimes Commission (EFCC) had scheduled to arraign Pascal Okechukwu, popularly referred to as Cubana Chief Priest, before the Federal High Court in Lagos on Wednesday, April 17, for alleged misconduct involving the Naira.

Cubana Chief Priest stood before Justice Kehinde Ogundare facing a three-count charge, accusing him of improperly handling Naira notes during a social gathering, which is contrary to the provisions of the Central Bank Act of 2007.

The charges, filed on April 4 by the EFCC’s prosecutor, Rotimi Oyedepo, along with seven other legal representatives of the Commission, alleged that on February 13, 2024, at Eko Hotel in Lagos, Okechukwu Pasca, while engaged in dancing at an event, tampered with N500 notes issued by the Central Bank of Nigeria by spraying them for a prolonged period, thus violating Section 21(1) of the Central Bank Act 2007.

In another instance outlined in count 2, Okechukwu Pasca was accused of similar misconduct during a social event in Lagos in 2020, while count 3 cited a similar occurrence in January 2024, both in contravention of the same section of the Central Bank Act.(

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Azonuchechi Chukwu
Azonuchechi Chukwu
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the team.

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