Justice Chukwujekwu Aneke sitting at a Federal High Court in Lagos has granted bail to former Lagos State Attorney-General and Commissioner for Justice, Olasupo Shasore, SAN, in the sum of 50 million naira and he is to provide a surety in like sum.
The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned Shasore over money laundering allegations, totaling more than 200,000 dollars.
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The senior advocate of Nigeria pleaded not guilty to the four count-charge.
Mr. Shasore was alleged to have induced one Olufolakemi Adelore, in accepting a cash payment of the sum of $100, 000. 00, without going through a financial institution.
He was also alleged to have made a cash payment of the sum of $100, 000.00 to Ms. Adelore through two persons, Auwalu Habu and Wole Aboderin.
The senior lawyer also allegedly made a cash payment of the sum of $100, 000.00 to one Ikechukwu Oguine without going through a financial institution.
Mr Shasore was said to have allegedly made the questionable payments of $100,000 each to Ms Adelore and Mr Oguine, who served as lawyers for the Nigerian Petroleum Ministry and the Nigerian National Petroleum Corporation, at the time.
According to the anti-graft agency, the said offences involving Mr Shasore contravened sections 78(c); 1(a) and 16(1)(d) and 18(c) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 16(6) and 16 (2)(b) of the same Act.
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