EFCC arraigns ex-Lagos Attorney General, Olasupo Shasore, for alleged money laundering

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The Economic and Financial Crimes Commission on Thursday arraigned former Attorney General and Commissioner of Justice in Lagos State, Olasupo Shasore, SAN , over alleged money laundering offences

Uba Group

He was arraigned before a Federal High Court in Lagos, on a four-count charge.

Shasore was accused of laundering the sum of $100,000 without going through a financial institution as required by law.

Count one of the charges reads, “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, 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 authorised 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.”

Count two reads, “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 you 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.”

The other two counts also revolve around the same USD100,000.00.

The former Attorney General pleaded not guilty to all counts.