Olasupo Shasore, a former Attorney General and Commissioner for Justice in Lagos, was on Friday, arraigned before Justice Inyang Ekwo of the Federal High Court sitting in Abuja on fresh money laundering charges amounting to N109.8m.
The Federal Government is prosecuting Shasore, a Senior Advocate of Nigeria (SAN) on a 14-count criminal charge alongside his company, Middlesex Investment Ltd.
The Economic and Financial Crimes Commission, the prosecuting agency is claiming that the former Attorney General failed to report in writing to the commission, a single lodgment of N60m into his company’s account number 0005659394 with a commercial bank.
Besides,the EFCC alleged that Sashore failed to report to its office a single lodgment of another N48.8m into the same account in breach of money laundering laws.
The alleged offence is in breach of section 10 of the Money Laundering Prohibition Act 2011.
In addition, the charge sheet stated that Shasore in November 2017, committed same offence by transferring $300, 000 single lodgment into his company account where he is a sole signatory.
The former Justice Commissioner was said to have failed to establish an anti money laundering desk and designate, a compliance officer in his company as required by law.
However, Shasore has denied all the offences, which the EFCC alleged were committed in Abuja alongside his company.
The defendant was admitted to bail under the terms and conditions of the administrative bail granted him by the EFCC.
The prosecution lawyer, Mr Bala Sanga, did not oppose the bail application.