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EFCC’s  Judgment on Cubana Chief Priest Just a Fine and Step Against Naira Abuse

In a recent judgment by Justice Kehinde Ogundare of the Federal High Court in Lagos, the case against Okechukwu Pascal, popularly known as Cubana Chief Priest, has set a precedent in the fight against Naira abuse. The Economic and Financial Crimes Commission (EFCC) brought three counts against him, focusing on the desecration of Nigeria’s legal tender.

The EFCC, acting under Section 14(2) of its Establishment Act of 2004, compounded the offenses by imposing a fine of N10,000,000 (Ten Million Naira). This amount far exceeds the standard penalty of N50,000 (Fifty Thousand Naira) for such infractions, showcasing the Commission’s commitment to deterring future violations.

This significant fine came as a result of a request by the defense counsel, Chikaosolu Ojukwu, SAN, for the offenses to be compounded under the said section of the EFCC Act. The court’s decision also mandates Cubana Chief Priest to spearhead an extensive awareness campaign against the abuse of Naira notes and coins as stipulated by the Central Bank of Nigeria (CBN) Act.

As part of his penalty, Cubana Chief Priest is required to post a minimum of two video clips bi-monthly on his social media platforms, promoting the proper handling of the Naira and discouraging any form of abuse. This unique form of punishment aims not only at penalizing him but also at educating the public and preventing future offenses.

The EFCC’s Special Task Force against Naira Abuse and the Dollarization of the economy remains vigilant. This judgment should serve as a wake-up call for all Nigerians to uphold the sanctity of the Naira and avoid any actions that could undermine the nation’s legal tender.

For more stories and updates, visit [www.efcc.gov.ng](http://www.efcc.gov.ng).