A former Lagos State Attorney General and Commissioner for Justice, Mr. Olasupo Shasore (SAN), has been charged to court for making cash payment of $100,000 without going through a financial institution.
The Economic and Financial Crimes Commission (EFCC), in a four-count money laundering charge, alleged that Shasore made cash payment of $100,000 to Olufolakemi Adelore through Auwalu Habu and Wole Aboderin.
He was alleged to have committed the offences on or about November 18, 2014.
The charge was filed before the Federal High Court in Lagos on August 12, 2022 by EFCC counsel, Bala Sanga.
Shasore, who was the Lagos State Attorney-General and Commissioner for Justice during the Babatunde Fashola led-government, was alleged to have induced one Olufolakemi Adetore in accepting the cash payment without going through a financial institution.
The offences contravene 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 formal arraignment has fixed for October 20.
The charge reads: “That you Olasupo Shasore, SAN on of 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 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.
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“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 cash payment of the sum of $100,000 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, SAN, 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 $100,000 without going through a 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 18th day of November, 2014 in Lagos, within the jurisdiction of this Honourable Court, without going through a financial institutions and made cash payment of the sum of $100, 000 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.”
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