Ex-Lagos AG, Shasore Slammed With Money Laundering Allegations

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Olasupo Shasore, a former Lagos State attorney general and commissioner for justice, has been charged by the Economic and Financial Crimes Commission (EFCC) with four charges of alleged money laundering before a Federal High Court in Lagos.

Shasore was charged with forcing Olufolakemi Adelore to accept a cash payment of $100,000 without going through a financial institution. Adelore was a member of the Babatunde Fashola-led administration.

He was also alleged to have made cash payment of the sum of $100, 000 to Olufolakemi Adelore through Auwalu Habu and Wole Aboderin.

The EFCC said the sum exceeded the amount permitted by law and that the offences 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.

Sashore will be arraigned on October 20.