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Tuesday, October 11, 2022

EFCC charges former Lagos attorney general Supo Shasore for multimillion-naira money laundering

In the charge sheet, Mr Shasore was alleged to have induced four persons with cash payment of $100,000 each.

• October 11, 2022
Supo Sashore
Supo Sashore

The Economic and Financial Crimes Commission (EFCC) has filed money laundering charges against Supo Shasore, the erstwhile Attorney-General and Commissioner for Justice in Lagos. 

Mr Shasore, a Senior Advocate of Nigeria (SAN), served in the first term of former Lagos governor Babatunde Fashola. 

The EFCC filed four count charges against Mr Shasore before the Federal High Court, Lagos Division. 

In the charge sheet, Mr Shasore was alleged to have induced one Olufolakemi Adelore, in accepting cash payment of the sum of $100,000 without going through a financial institution.

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

The anti-graft agency also alleged the senior lawyer made a cash payment of $100,000 to one Ikechukwu Oguine without going through a financial institution.

Mr Shasore was said to have committed the alleged offences on or about November 18, 2014. According to the EFCC, the sums exceed the amount permitted by law. 

It added that the offences also contravened sections 78(c), 1(a) and 16(1)(d) and 18(c) of the Money Laundering (Prohibition) Act, 2011 (as amended).

The offences are punishable under section 16(6) and 16 (2)(b) of the same Act.

Justice Chukwujekwu Aneke of the Federal High Court fixed October 20, 2022 for the arraignment of Mr Shasore.

In January, the EFCC had also interrogated Mr Shasore over his involvement in the Process & Industrial Development (P&ID) $9.6 billion judgement saga.

The senior lawyer, who was appointed as Nigeria’s legal representative in the P&ID case in 2012, was accused of compromising the country’s defence at a British arbitration tribunal, contributing to the humongous award issued against Nigeria by the panel.

P&ID, a British Virgin Island firm, was issued the arbitral award which subsequently rose to $9.6 billion as compensation for Nigeria’s alleged breach of a Gas Supply Process Agreement (GSPA).

The GSPA was signed between the representatives of the Nigerian government on January 11, 2010.

P&ID, in 2012, commenced arbitration proceedings against Nigeria in the United Kingdom for allegedly breaching its part of the GSPA.

Mr Shasore was appointed as counsel for Nigeria in the arbitration proceedings in 2012.

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