The Economic and Financial Crimes Commission (EFCC) has recently reiterated its commitment to investigating and prosecuting individuals involved in the misuse of the Nigerian currency. Among those facing legal action is Pascal Okechukwu, popularly known as Cubana Chief Priest.

EFCC detains Cubana Chief Priest in Custody Prior to Court Appearance Today — Source: Google images

Scheduled to appear in court today, Wednesday, April 17, 2024, Okechukwu’s detainment by the EFCC signals a significant development in the agency’s ongoing efforts to uphold financial integrity.

Why EFCC detained Cubana Chief Priest?

The EFCC has detained Cubana Chief Priest in anticipation of his arraignment before Justice Kehinde Ogundare of the Federal High Court in Lagos. This detention precedes allegations against Okechukwu regarding his involvement in the misuse of funds during social gatherings.

Charges Against Cubana Chief Priest

Okechukwu is facing three charges related to the abuse of the Nigerian currency at social events. The charges stem from an incident at Eko Hotel on February 13, 2024, where Okechukwu allegedly engaged in spraying and tampering with ₦500 notes issued by the Central Bank of Nigeria. These actions, according to the EFCC, violate Section 21(1) of the Central Bank Act 2007.

Legal Proceedings by EFCC

The EFCC’s prosecution team, led by Rotimi Oyedepo (SAN) and supported by seven other lawyers, filed a suit against Okechukwu on April 4, 2024. This legal action underscores the agency’s determination to enforce financial regulations and hold individuals accountable for their actions.

Broader Context

Okechukwu’s detainment follows the recent conviction of another public figure, Idris Okuneye, known as Bobrisky, for similar offenses. Bobrisky’s sentencing to six months imprisonment has heightened scrutiny on celebrities implicated in currency abuse cases. In response, the EFCC has emphasized its impartial approach to law enforcement, stating that no individual is exempt from investigation or prosecution.

EFCC’s Standpoint

Dele Oyewale, spokesperson for the EFCC, reiterated the agency’s commitment to addressing currency abuse cases. While acknowledging the prevalence of videos depicting such misconduct, the EFCC clarifies that its focus remains on new instances of currency abuse. Oyewale’s statement underscores the agency’s dedication to combating financial crimes without compromise.

As Cubana Chief Priest awaits his court appearance, the EFCC’s actions reflect its unwavering pursuit of justice and financial accountability. The case serves as a reminder that all individuals, regardless of status or influence, are subject to the law’s scrutiny. In its quest to uphold the integrity of the Nigerian currency, the EFCC remains steadfast in its mission to combat financial impropriety and safeguard the nation’s economic stability.

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