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Ex-Lagos AG Olasupo Shasore Arraigned For Alleged Fraud, Granted N50m Bail

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Former Lagos State Attorney-Aeneral, Olasupo Shasore has been arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged money laundering.

Ex-Lagos AG Supo Shasore Arraigned For Alleged Fraud, Granted N50m Bail

Supo Shasore Arraigned By EFCC

Shasore, who is a Senior Advocate of Nigeria (SAN), was arraigned on a four-count charge before Chukwujekwu Aneke, judge of a federal high court in Lagos.

He was alleged to have committed money laundering to the tune of $100,000 without going through a financial institution.

After the charges were read before him, the former AG who served in the first term of ex-governor, Babatunde Fashola, pleaded not guilty to all counts.

After his plea, the prosecution counsel, Bala Sanga, prayed the court to order a remand of the defendant in custody pending trial.

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However, Shasore’s counsel, Yemi Candide-Johnson, who appeared with three other senior advocates of Nigeria, prayed the court to grant the defendant bail on self-recognisance.

Candide-Johnson averred that the defendant showed up for arraignment without being reminded, coerced, or forced.

Additionally, he told the court that the defendant had always made himself and any documents sought from him available to the anti-graft agency whenever necessary.

Additionally, the defence attorney stated that the case had been under investigation for three years and that the defendant does not pose a flight risk.

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After the defence counsel’s submissions, the prosecutor did not oppose the application for bail.

In his ruling, the judge granted the defendant’s bail application.

Aneke held, “There is no doubt that the court must strike a balance based on the evidence before it, between the constitutional rights of the defendant to liberty and presumption of innocence and the rights of the state to prosecute its erring citizens.

“The defendant’s application for bail succeeds and the bail is accordingly granted in the following terms:

“Defendant applicant is admitted to bail in the sum of N50 million with one surety in like sum.

“The surety must be a serving director or a permanent secretary in the service of the federation or the Lagos state government.

“Surety to produce two copies each of his or her recent passport photograph and evidence of payment of tax or tax clearance.

“The defendant’s international passport with the complainant shall be deposited with the registrar of this court pending trial.

“This is the ruling of the honourable court.”

The judge, Chukwujekwu Aneke adjourned the case until November 24 for trial.

KanyiDaily had also reported how the EFCC quizzed the former AG, Olasupo Shasore, over his involvement in the Process and Industrial Developments (P&ID) case.

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