November 04, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) on Friday, re-arraigned a former Lagos State Attorney General and Commissioner for Justice, Olasupo Shasore (SAN), before a Federal High Court, Abuja.
Shasore was arraigned along with his personal company, Middlesex Investment Limited, before Justice Inyang Ekwo on a fresh 14-count charge of money laundering.
THEWILL recalls that the EFCC, on October 20, arraigned Shasore before the Ikeja Special Offences Court. He was arraigned on a two-count charge bordering on money laundering.
His arrangement before Justice Mojisola Dada, came barely 24 hours after he was arraigned at the Federal High Court, Lagos division, on a four-count charge of money laundering.
Justice Dada consequently granted him bail and adjourned the trial until December 6.
In the fresh charge, numbered FHC/ABJ/CR/386/22 and filed by the EFCC’s counsel, Bala Sanga, the former Attorney General was alleged to have failed to report in writing to the EFCC, a single lodgement of N60 million into his Company’s account number 0005659394 with a Commercial Bank.
The alleged offence, the anti-graft agency said, contravened Section 10 of the Money Laundering Prohibition Act, 2011.
He was also alleged to have failed to report to EFCC, a single lodgement of another N48.8 million into the same account in breach of money laundering laws.
The charge sheet further indicated that Shasore in November 2017, committed the same offence by transferring $300,000 single lodgement into his Company account, where he is a sole signatory.
Besides, the former Lagos AG was said to have failed to establish an anti-money laundering desk and designate a compliance officer in his company as required by law.
Shasore, however, pleaded not guilty to the offences alleged to have been committed in Abuja, along with the Company.
Following no objection by the EFCC’s lawyer, Bala Sanga, to his bail request, Justice Inyang Ekwo ordered the ex-Attorney General to continue to enjoy the terms and conditions of the administrative bail granted him by the EFCC.
Justice Ekwo, however, adjourned and fixed March 13, 14, 15, 16 and 17, 2023, for trial of the defendants.
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