EFCC to arraign former Lagos AG, Shasore for alleged money laundering

Former Lagos State Attorney General, Mr Olasupo Shasore, SAN, is to be arraigned at the Federal High Court on October 20 by the Economic and Financial Crimes Commission, EFCC, on charges bordering on money laundering offences.

According to the charge, Shasore who was the Lagos State Attorney-General and Justice Commissioner, during Mr Babatunde Raji Fashola-led government is alleged of the offences on or about November 18, 2014.

He was alleged to have induced one Olufolakemi Adetore, to accept a cash payment of $100,000. 00, USD, without going through a financial institution.

He was also alleged to have made a cash payment of the sum of $100,000.00 USD to Olufolakemi Adelore through Auwalu Habu and Wole Aboderin.

The charge also added that the former Lagos State’s Attorney-General also made a cash payment of the sum of $100,000.00 USD, to one Ikechukwu Oguine without going through a financial institution.

The sum which the anti-graft agency said exceeded the amount permitted by Law.

And that the offences contravened Sections 78(c); 1(a) and 16(1)(d) and 18(c) of the Money Laundering (Prohibition) Act, 2011 (as amended) and were punishable under Section 16(6) and 16 (2)(b) of the same Act.

Based on the charges, the former Lagos State Attorney-General and Justice Commissioner’s arraignment has been fixed for October 20.

Charges filed by EFCC state: “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 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.”

“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.

“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 financial institutions and making 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.”