The Federal High Court, Lagos division has fixed Thursday, October 20, 2022, for the arraignment of a former Lagos State Attorney-General and Commissioner of Justice, Olasupo Shasore,(SAN), over money laundering allegations.
In the charge sheet sighted by TVC News, the Economic and Financial Crimes Commission (EFCC) filed the four count-charges against the former Lagos AG at the Court on August 18, 2022.
The charges are linked with the botched 2010 gas processing deal between Nigeria and a British Virgin Island firm, Process and Industrial Development (P&ID).
In 2012, the company won a $9.6bn arbitral award against the Federal Government after claiming breach of contract.
Mr Shasore, who represented Nigeria during the arbitral proceedings, is being accused of working against national interests and for being corrupt.
In 2020, a United Kingdom commercial court declared that Nigeria could challenge the 2012 ruling in favour of P&ID, after the government had complained about Mr Shasore’s alleged corrupt dealings.
The EFCC is already prosecuting P&ID officials, James Richard Nolan and Adam Quinn (at large), and others at the Federal High Court, Abuja over money laundering allegations.
They are accused of complicity in the controversial gas processing contract, as well as the multibillion dollar arbitral award.
The Senior Advocate of Nigeria, who was the Lagos State’ Attorney-General and Justice Commissioner, during former governor, Babatunde Raji Fashola’s administration, was said to have committed the alleged offenses on or about November 18, 2014.
Mr. Shasore was alleged to have induced one Olufolakemi Adelore, in accepting cash payment of the sum of $100, 000. 00, without going through a financial institution.
He was also alleged to have made cash payment of the sum of $100, 000.00 to Ms. Adelore through two persons, Auwalu Habu and Wole Aboderin.
The charge sheet also stated that the senior lawyer made a cash payment of the sum of $100, 000.00 to one Ikechukwu Oguine without going through a financial institution.
Findings indicate that Mr Shasore had 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.
The Charges Are as follows: “That you Olasupo Shasore, S.A.N. on or about the 18th day of November, 2014 in Lagos within the jurisdiction of this Honourable Court induced Olufolakemi Adelore to commit an offence, to wit accepting cash payment of the sum of US100, 000.00 (One Hundred Thousand United States Dollars) without going through a financial institution which such exceeded the amount authorized by Law and you thereby committed an offence contrary to section 78(c) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 16(6) of the same Act.
“That you Olasupo Shasore, S.A.N on or about the 18th day of November, 2014 in Lagos within the jurisdiction of this Honourable Court, in a transaction without going through a financial institution, made cash payment of the sum of USD 100, 000.00 (One Hundred Thousand United States Dollars) to Olufolakemi Adelore through Auwalu Habu and Wole Aboderin, which sum exceeded the amount permitted by Law and you thereby committed an offence contrary to sections 1(a) and 16(1)(d) the Money Laundering (Prohibition) Act, 2011 (as Amended) and punishable under section 16(2)(b) of the same Act.
“That you Olasupo Shasore, S.A.N, on or about the 18th November, 2014 in Lagos within the jurisdiction of this honourable Court, induced one Ikechukwu Oguine, to commit an offence, to wit: accepting case payment of the sum of USD100, 000. 00 (One Hundred thousand United States Dollars) without going through a financial institutions, which such amount exceeded the amount permitted by Law and you thereby commited an offence contrary to Section 18(c) of the Money Laundering Act, 2011 (as amended) and punishable under Section 16 (2)(b) Of the same Act.
“That you Olasupo Shasore, S.A.N on or about 18th day of November, 2014 in Lagos, within the jurisdiction of this Honourable Court, without going through a financial institutions and made cash payment of the sum of USD100, 000.00 (One Hundred thousand United State Dollars) to one Ikechukwu Oguine which sum exceeded the amount permitted by Law and you thereby committed an offence contrary sections 1(a) and 16(1),(d) of the Money Laundering (Prohibition Act, as amended) and punishable under section 16 (2)(b) of the same Act.”
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