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The Economic and Financial Crimes Commission and celebrity barman, Pascal Okechukwu, popularly known as Cubana Chief Priest, have reached an agreement to resolve the naira abuse charge outside of court.
The out-of-court settlement was disclosed when the proceedings resumed on Thursday.
Cubana Chief Priest appeared before Justice Kehinde Ogundare, facing three counts related to abusing the national currency at a social gathering.
These actions violate the Central Bank Act of 2007.
He allegedly sprayed and tampered with the naira notes during a social event at the Eko Hotel in Lagos.
He pleaded not guilty to the charges preferred against him and was granted bail in the sum of N10m.
Justice Ogundare gave Okechukwu seven days to perfect the bail conditions, saying if he failed to perfect the bail conditions within seven days, he would be remanded at the Nigeria Correctional Service.
