Money Laundering: Former Lagos Justice Commissioner To Be Arraigned, October 20

A four-count-charge money laundering case has been instituted against a former Attorney-General (AG) and Justice Commissioner, Lagos State, Olasupo Shasore (SAN) before a Federal High Court sitting in Ikoyi, Lagos State, Nigeria.

The former Justice Commissioner was dragged before the court by the Economic and Financial Crimes Commission (EFCC), which accused Shasore of commuting the offences on or about November 18, 2014.

It is recalled that Shasore was the Lagos State Attorney-General and Justice Commissioner, under the administration of Babatunde Raji Fashola (SAN) when he held sway as the governor of the state.

According to the charge as initiated by the anti-graft agency, Shasore was alleged to have induced one Olufolakemi Adetore, in accepting cash payment to the tune of $100, 000, without going through a financial institution.

The former AG was equally alleged to have made a cash payment of the sum of $100, 000.00 to Olufolakemi Adelore through Auwalu Habu and Wole Aboderin. 

It was further alleged by the EFCC that the former number one law officer in Lagos State made a cash payment of the sum of $100, 000.00, to one Ikechukwu Oguine without going through a financial institution.

Shasore, according to the anti-graft agency, made a cash payment of the sum of $100, 000.00 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, to one Ikechukwu Oguine without going through a financial institution.

The sum which the anti-graft agency said exceeded the amount permitted by law, contravenes 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.

The charge against Shasore read: “That you Olasupo Shasore, SAN, 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.

“That you Olasupo Shasore, SAN, 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) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16(2)(b) of the same Act.

“That you Olasupo Shasore, SAN, 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) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16(2)(b) of the same Act.

“That you Olasupo Shasore, SAN, on or about the 18th day of November 2014 in Lagos, within the jurisdiction of this Honourable Court, without going through a financial institution and made cash payment of the sum of USD100, 000.00 (One Hundred thousand United States Dollars) to one Ikechukwu Oguine which sum exceeded the amount permitted by law, and you thereby committed an offence contrary to 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.”

He is expected to be arraigned on October 20, 2022, before the court.

All rights reserved. This material and other digital volumes on this website, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without prior express written permission from THE NEWS ACCELERATOR NETWORK.

Contact: thenewsacceleratornetwork@gmail.com or 08033599492.