A former Attorney General and Commissioner for Justice in Lagos State, Olasupo Shasore, SAN, has been arraigned over a 14-count money laundering charge Justice Inyang Ekwo of the Federal High Court, Abuja.
Shasore was arraigned on a fresh charge before by the Economic and Financial Crimes Commission (EFCC).
Shasore is being prosecuted with ide his company, Middlesex Investments Ltd. in the charge number: FHC/ABJ/CR/386/22 filed on Aug. 17 by the EFCC’s counsel, Bala Sanga, Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively.
Shasore who is reported to be a director and signatory to the company’s Guaranty Trust Bank account number: 0005659394, however, pleaded not guilty to the charged against aher and the companies. alleged to have been committed along with the company.
Justice Ekow has directed Shasore to continue to enjoy the terms of the administrative bail earlier granted him by the EFCC, after the request was not opposed to by Sanga.
The judge adjourned the matter to March 13, March 14, March 15, March 16 and March 17 for trial., further ordering EFCC’s lawyer and counsel to the defendants, Chief Olawale Akoni, SAN, to put their houses in order ahead of the trial dates.
The EFCC, in count one, said Sept. 3 to 11, 2014, the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited.
The commission in count five said from Aug. 26 and Sept. 3, 2019, the defendants did not report in writing to the agency a single transfer transaction of $30,000from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore.
The agency said this should be in compliance with Section 10(1)b of the Money Laundering Prohibition Act 2011 (as amended) and punishable under Section 10(3) of the same act.
The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investments, a declaration of the activities of the company as specified under Section 5(1)(a)(ii) of the Money Laundering (Prohibition) Act, 2011(as amended) and punishable under Section 16(2)(b)of the same act, among others.
