ABUJA–Olasupo Shasore, SAN, a former attorney general and commissioner for justice in Lagos State, was summoned by the Economic and Financial Crimes Commission, or EFCC, to appear before the Federal High Court in Abuja on Friday.
Okay.ng reports that the former Lagos AG and his business, Middlesex Investment Limited, were both charged with 14 counts relating to their alleged involvement in money laundering involving an amount of roughly N109.8 million.
The defendant was also accused by the EFCC of failing to submit to it, in writing, a single deposit of N60 million that he placed into the account number 0005659394 that belonged to his company and was maintained with a commercial bank.
It informed the court that the defendant had violated Section 10 of the Money Laundering Prohibition Act 2011 by his actions.
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The defendant was also accused by the anti-graft agency of breaking current money laundering regulations by neglecting to record a single deposit of another N48.8 million into the same account.
The charge document further stated that Shasore had done the same offense in November 2017 by depositing a single $300,000 check into his business account, to which he is the only signatory.
It was claimed that the defendant had broken the law by failing to designate a Compliance Officer for his business or set up an anti-money laundering desk as needed.
The defendant entered a not guilty plea to all charges against him after the charge was read to him. Mr. Bala Sanga, the attorney for the EFCC, declared that he was not opposed to the man’s release on bail.
Due to the administrative bail that had previously been granted to the defendant by the EFCC, trial Justice Inyang Ekwo permitted him to return home.
Later, the case was postponed until the start of the trial on March 13.