The Federal High Court in Lagos on Tuesday struck out the naira abuse charge against celebrity businessman, Pascal Okechukwu, popularly known as Cubana Chief Priest.
Justice Kehinde Ogundare struck out the charge following the adoption of terms of settlement between parties to the suit.
The Economic and Financial Crimes Commission, EFCC, on April 17, arraigned Okechukwu on a three-count charge of spraying and tampering with the Naira notes during a social event at Eko Hotel in Lagos.
Chief Priest pleaded not guilty to the charge and was granted bail in the sum of N10 million.
When the case was called on Tuesday, Mrs Bilikisu Buhari appeared for the prosecution and informed the court that the prosecution had filed the terms of settlement dated June 24 and adopted same.
In response, the defence counsel, Chikaosolu Ojukwu (SAN), said he agreed with what the prosecutor said and equally adopted the same.
He thanked the court for its indulgence, adding that part of the obligations contained in the said terms had been performed, and urged the court to make the consequential orders of dismissing the case.
In a short ruling, the court held that: “Upon the agreement of the prosecution and defence pursuant to the EFCC Establishment Act, the agreement having been presented to the court, this charge is hereby struck out as the defendant is hereby cautioned,” he said.
Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.