P&ID: EFCC Arraigns Ex-Lagos AG Over Money Laundering Allegation

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned a former Lagos State Attorney-General and Commissioner for Justice Olasupo Shasore (SAN) before the Federal High Court in Lagos over money laundering allegations.

The EFCC docked Shasore, who served as AG during the administration of former Governor Babatunde Fashola, on a four-count charge before Justice Chukwujekwu Aneke.

The anti-graft agency alleged in the charge that the defendant induced a former Legal Director at the Petroleum Ministry, Olufolakemi Adetore, in accepting cash payment of the sum of $100,000 without going through a financial institution.

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The EFCC further claimed that the defendant made a cash payment of the sum of $100,000 to Adelore through Auwalu Habu and Wole Aboderin.

The Commission also alleged in the charge that the former Lagos AG made a cash payment of the sum of  $100,000 to a
lawyers, Ikechukwu Oguine without going through a financial institution.

The sums which the anti-graft agency maintained exceeded the amount permitted by Law.

The EFCC insisted that the offence contravened sections 78(c); 1(a) and 16(1)(d) and 18(c) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 16(6) and 16 (2)(b) of the same Act.

The defendant, who was said to have committed the offences on or about November 18, 2014, pleaded not guilty.

Following the plea of the defendant, the defence team led by three senior advocates of Nigeria, Adeyemi Candide-Johnson, Dr Muiz Banire, Segun Ajibola and Chijioke Okoli urged the judge to grant the defendant bail on self-recognisance.

The prosecutor, Bala Sanga did not oppose the request for bail, he said that the prosecution is only interested in the merit case.

In his ruling, Justice Aneke admitted the defendant to bail in the sum of N50 million with two sureties in like sum.

The judge also directed that one of the sureties must be a permanent secretary or director in the Lagos State civil service.

The Judge then adjourned the matter to November 24 for the commencement of the trial.

The Charge against the defendant reads: “that you Olasupo Shasore, S.A.N on of about the 18th day f November 2014 in Lagos within the jurisdiction of this Honourable Court induced Olufolakemi Adelore to commit an offence, to wit accepting cash payment of the sum of US100, 000.00 (One Hundred Thousand United States Dollars) without going through a financial institution which such exceeded the amount authorized by Law and you thereby committed an offence contrary to section 78(c) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 16(6) of the same Act.

“That you Olasupo Shasore, S.A.N on or about the 18th day of November 2014 in Lagos within the jurisdiction of this Honourable Court, in a transaction without going through a financial institution, made a cash payment of the sum of USD 100, 000.00 (One Hundred Thousand United States Dollars) to Olufolakemi Adelore through Auwalu Habu and Wole Aboderin which sum exceeded the amount permitted by Law and y u thereby committed an offence contrary to sections 1(a) and 16(1)(d) the Money Laundering(Prohibition) Act, 2011 (as Amended) and punishable under section 16(2)(b) of the same Act.

“That you Olasupo Shasore, S.A.N, on or about the 18th November 2014 in Lagos within the jurisdiction of this honourable Court, induced one Ikechukwu Oguine, to commit an offence, to wit: accepting case payment of the sum of USD100, 000. 00 (One Hundred thousand United States Dollars) without going through financial institutions, which such amount exceeded the amount permitted by Law and you are thereby committed an offence contrary to Section 18(c) of the Money Laundering Act, 2011 (as amended) and punishable under Section 16 (2)(b)  Of the same Act.

“That you Olasupo Shasore, S.A.N on or about the 18th day of November 2014 in Lagos, within the jurisdiction of this Honourable Court, without going through a financial institution and made a cash payment of the sum of USD100, 000.00 (One Hundred thousand United State Dollars) to one Ikechukwu Oguine which sum exceeded the amount permitted by Law and you thereby committed an offence contrary sections 1(a) and 16(1),(d) of the Money Laundering (Prohibition Act, as amended) and punishable under section 16 (2)(b) of the same Act.”

19th July 2024
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