Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission, EFCC, on Friday, arraigned Olasupo Shasore, a Senior Advocate of Nigeria, in court for money laundering. The former Attorney-General and Commissioner for Justice, Lagos State, was arraigned alongside his company, Middlesex Investment Ltd, before Justice I.E. Ekwo of Federal High Court sitting Abuja on fourteen -count charges bordering on money laundering to the tune of N159,700,000.00 million and $60,000 respectively.
Anti-Corruption Agency, EFCC Arraigns Ex-Lagos Attorney-General, Shasore In Court On N159million, $60,000 Money Laundering CaseThe Attorney General was specifically accused of failing to comply with the money laundering act by submitting to the Federal Ministry of Industry, Trade and Investment a declaration of activities of his company.
Shasore and his company were accused of failing to develop a programme to combat money laundering and other illegal acts, including failing to designate a compliance officer as specified under Section 9 of the Money Laundering Prohibition Act, 2011 . Uwujaren noted that following no guilty plea, prosecution Counsel, Bala Sangha to pray the court for a trial date and to remand the defendant in a correctional facility.
The court had earlier granted the defendant bail in the sum of N50, 000,000.00 with one surety in like sum. The surety must be a serving Director or Permanent Secretary in the service of the Federation or Lagos State Government.
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