Money laundering: Shasore arraigned in Abuja amid cases in Lagos

The Economic and Financial Crimes Commission (EFCC) on Friday arraigned a former Lagos State attorney general Olasupo Shasore (SAN) on a 14-count money laundering charge.

Shasore and his company, Middlesex Investments Ltd, were arraigned on fresh charges before Justice Inyang Ekwo of a Federal High Court, Abuja.

While the Federal Republic of Nigeria is the complainant in the charge number: FHC/ABJ/CR/386/22 filed on August 17 by the EFCC’s counsel, Bala Sanga, Middlesex Investments Ltd and Shasore are first and second defendants respectively.

Shasore is alleged to be a director and a signatory to the company’s Guaranty Trust Bank account number: 0005659394.

The former commissioner, however, pleaded not guilty to the charges.

The judge ordered Shasore to continue to enjoy the terms of the administrative bail earlier granted him by the EFCC.

Justice Ekwo consequently adjourned the matter until March 13, March 14, March 15, March 16 and March 17 for trial.

He directed the anti-graft agency’s lawyer and counsel to the defendants, Olawale Akoni, to put their houses in order ahead of the trial.

The EFCC, in count one, alleged that between September 3 and September 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.

Also in count five, the EFCC alleged that between August 26 and September 3, 2019, the defendants failed to report in writing to the agency a single transfer transaction of the sum of $30,000 from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of 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.

The EFCC had on October 20, arraigned Shasore before the Ikeja Special Offences Court.

He was arraigned on a two-count charge bordering on money laundering.

The former attorney general of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court in Lagos on a four-count charge of money laundering.

Justice Dada consequently granted him bail and adjourned the trial until December 6.