20th October, 2022
The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned the former Attorney General of Lagos State, Mr. Olasupo Shasore.
He is facing a four-count charge of money laundering at the Federal High Court in Lagos.
Shasore is accused of having committed money laundering to the tune of $100,000 without going through a financial institution.
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.”
Count three reads: “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 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.”
“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 a financial institution, 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,” count four reads.
He, however, pleaded not guilty to all counts.