A former Attorney-General of Lagos State, Mr. Olasupo Shashore, on Thursday, appeared before a Federal High Court in Lagos to answer to a money laundering charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
The prosecution accused the defendant of inducing one Olufolakemi Adetore to accept cash payment without going through a financial institution.After his plea, the prosecutor, Mr Bala Sanga, urged the court to order a remand of the defendant in custody pending trial.
He also informed the court that the defendant had co-operated with the anti-graft agency whenever required, as he had always made himself as well as documents requested from him available whenever required. In his rulling, the court later on held: “There is no doubt that the court must strike a balance based on the evidence before it, between the constitutional rights of the defendant to liberty and presumption of innocence and the rights of the state to prosecute its erring citizens.
“The defendant’s application for bail suceeds and the bail is accordingly granted in the following terms:“The surety must be a serving director or a permanent secretary in the service of the federation or the Lagos State Government.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Lagos attorney-general gets N50 million bailA former Attorney-General of Lagos State, Mr. Olasupo Shashore, on Thursday, appeared before a Federal High Court in Lagos to answer to a money laundering charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
Read more »
EFCC arraigns Ex-Lagos Attorney-General for money launderingMr Shashore served as Attorney-General and Justice Commissioner during Babatunde Fashola's administration..........
Read more »
Amidst devastating flood in Rivers, Wike doles out N300m to Lagos State officials' wivesThe Governor of Rivers State, Nyesom Wike has donated the sum of N300 million to the Committee of Wives of Lagos State Officials, COWLSO. Governor Wike
Read more »
Nigeria's Anti-graft Agency, EFCC Arraigns Ex-Lagos Attorney-General, Shasore For Alleged $100,000 Fraud | Sahara ReportersNigeria’s anti-corruption agency, Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned the former Attorney-General of Lagos State, Olasupo Shasore (SAN), for alleged money laundering. The Lagos Zonal Command of the Commission arraigned the AG on a four-count charge bordering on money laundering to the tune of $100,000 before Justice Chukwujekwu Aneke of the Federal High Court sitting in Lagos. Shasore, a Senior Advocate of Nigeria (SAN) was alleged to have committed money laundering to the tune of $100,000 without going through a financial institution.
Read more »
Shasore, Former Lagos Justice Commissioner Charged For Multi-million Naira Money Laundering, Hires 4 Senior Advocates To Battle Anti-graft Agency, EFCC | Sahara ReportersA former Attorney-General and Commissioner for Justice in Lagos State, Mr Olasupo Shasore, who allegedly obtained $2 million from Process & Industrial Development Ltd, a British Virgin Island engineering firm, to frustrate a case against Nigeria, has hired four Senior Advocates of Nigeria (SAN) to lead his defence. Shasore is set to be arraigned before Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Thursday.
Read more »
PDP reacts to Wike’s endorsement of Sanwo-OluThe Peoples Democratic Party (PDP in Lagos State has condemned the endorsement of Governor Babajide Sanwo-Olu by his Rivers State counterpart, Nyesom Wike.
Read more »