EFCC arraigns ex-AG of Lagos Shashore over money laundering charge on Oct 20
The Economic and Financial Crimes Commission (EFCC) will arraign former Lagos State Attorney General and Commissioner for Justice, Mr Olasupo Shashore, SAN, at the Federal High Court, Lagos, on a four count charge bothering on money laundering on October 20, 2022.
Operatives of the EFCC had grilled the former Attorney General severally over his alleged role in the Process & Industrial Development scam.
Shashore will be arraigned before Justice Chukwujekwu Aneke.
The EFCC in the charge sheet accused the Lagos State Justice Commissioner, during the regime of Mr. Babatunde Raji Fashola as state governor, of committing the offences on or about November 18, 2014.
In the charge, Shasore was alleged to have induced one Olufolakemi Adetore, in accepting cash payment of the sum of $100, 000. 00, USD, without going through a financial institutions.
He was also alleged to have made 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 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 punishable under section 16(6) and 16 (2)(b) of the same Act.
Meanwhile, the arraignment of the former Lagos State Attorney-General and Justice Commissioner, has fixed for October 20 before Justice Chukwujekwu Aneke.
Charges Filed By EFCC 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 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 a financial institutions, which such amount exceeded the amount permitted by Law and you are thereby commited 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 18th day of November, 2014 in Lagos, within the jurisdiction of this Honourable Court, without going through a financial institutions and made 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.”