ABUJA – Following the judgment of Justice Kehinde Ogundare of the Federal High Court sitting in Lagos regarding the terms of settlement for the three-count charges related to the abuse of Naira notes against Okechukwu Pascal, also known as Cubana Chief Priest, the Economic and Financial Crimes Commission has vowed to continue protecting the sanctity of the Naira.
According to the EFCC, Cubana Chief Priest’s actions were compounded under Section 14 of its Establishment Act, 2004, which allows the commission to accept a sum of money exceeding the maximum amount the offender would have been liable to pay if convicted. In a statement by Dele Oyewale, EFCC’s Head of Media and Publicity, on Monday night, the commission stated that all of these measures are intended as strict deterrents to prevent Cubana Chief Priest from future desecration of the Naira.
The statement read, “The Commission acted in line with Section 14 of its Establishment Act, 2004, which empowers it to compound any offence, subject to provisions of Section 174 of the 1999 Constitution of the Federal Republic of Nigeria by ‘accepting such sum of money as it deems fit exceeding the maximum amount by which the offender would have been liable if he had been convicted.’
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