P&ID: EFCC Files Money Laundering Charge Against Ex-Lagos AG

The Economic and Financial Crimes Commission (EFCC) has filed a four-count charge money laundering allegations against a former Lagos State Attorney-General and Commissioner for Justice, Olasupo Shasore (SAN) before the Federal High Court in Lagos.

The EFCC is accusing Shasore, who served as AG during the administration of former Governor Babatunde Fashola, of committing the offences on or about November 18, 2014.

The anti-graft agency also alleged in the charge that the defendant induced a former Legal Director at the Petroleum Ministry, Olufolakemi Adetore, in accepting cash payment of the sum of $100,000 without going through a financial institution.

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The EFCC further claimed that the defendant made a cash payment of the sum of $100,000 to Adelore through Auwalu Habu and Wole Aboderin.

The Commission also alleged in the charge that the former Lagos AG made a cash payment of the sum of  $100,000 to a lawyers, Ikechukwu Oguine without going through a financial institution.

The sums which the anti-graft agency maintained exceeded the amount permitted by Law.

The EFCC insisted that the offence 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.

The court has fixed October 20 for the arraignment of the defendant.

The Charge against the defendant 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 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 y u 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 financial institutions, which such amount exceeded the amount permitted by Law and you are 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 and 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.”