Alleged Money Laundering: EFCC Arraigns Ex-Attorney General

EFCC has arraigned an ex-attorney general over alleged money laundering.

EKO HOT BLOG reports that a former Lagos State Attorney General and Commissioner for Justice, Olasupo Shasore (SAN), is set to go for trial over alleged cases of money laundering.

The Nigerian government through the Economic and Financial Crimes Commission (EFCC) filed a case against the citizen before the Federal High Court sitting in Lagos over the said crimes committed in 2014.

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The charges against Shasore that were presented to the court on August 12, 2022, by EFCC counsel, Bala Sanga, and three others include inducing one Olufolakemi Adelore to accept a cash payment of $100, 000 without going through a financial institution.

 

Besides, the charge states that the former Lagos State Attorney-General made a cash payment of USD100,000.00 to one Ikechukwu Oguine without going through a financial institution.

The offences were said to have been allegedly committed by Shasore on or about November 18, 2014.

According to the charge, 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 punishable under Sections 16(6) and 16 (2)(b) of the same Act.

The four-count charge filed by EFCC against Shasore read: “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 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 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.

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“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 cash payment of the sum of USD100, 000. 00 (One Hundred thousand United States Dollars) without going through a financial institution, which such amount exceeded the amount permitted by Law and you 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.

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