The Economic and Financial Crimes Commission, EFCC 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.

The socialite, had on the 17 of April pleaded not guilty to three counts of abusing banknotes during a court appearance on Wednesday.

Authorities said he threw money into the air at various social events.

This is technically an offence as notes fall to the ground where they can be trodden on.

The practice, known as "spraying", is commonly done at Nigerian weddings and parties, the action is in violation of the Central Bank Act of 2007.