Ex-Lagos AG Shasore is detained by the EFCC on new charges of money laundering.
Olasupo Shasore, a former commissioner for justice and attorney general in Lagos, has been charged again with money laundering involving N109.8 million.
Shasore, a Senior Advocate of Nigeria (SAN), and his own business, Middlesex Investment Limited, were both hit with 14 felony counts.
The former Attorney General is said to have, among other things, neglected to submit a written report to the Economic and Financial Crimes Commission (EFCC) on a single deposit of N60 million into his company’s account with a commercial bank.
According to the allegations, the suspected offense violates section 10 of the 2011 Money Laundering Prohibition Act.
Additionally, he was accused of breaking money laundering regulations by failing to notify the EFCC of a single deposit of another N48.8 million into the same account.
The charging document further said that Shasore repeated the same crime in November 2017 by depositing a single $300,000 check into his business account, to which he is the only signatory.
In addition, it was claimed that the previous Lagos AG did not appoint a Compliance Officer for his organization or set up an anti-money laundering desk as required by law.
Shasore, on the other hand, entered a not guilty plea for the offenses that were allegedly committed in Abuja with the Company.
Justice Inyang Edem Ekwo directed the former Attorney General to continue to enjoy the terms and conditions of the administrative bail that the EFCC had given him since Mr. Bala Sanga, the EFCC’s attorney, had not objected to his bail request.
In order to facilitate a swift trial of the accusations, Justice Ekwo set the prosecution’s dates for March 13, 14, 15, and 16 of 2019.
The judge ordered Bala Sanga, who represented the anti-graft agency, and Chief Olawale Akoni SAN, who represented the defendant, to have their homes in order before the trial dates.
