Ex-Lagos Attorney-General, Shasore, gets N50m bail

A former Attorney-General of Lagos State, Mr. Olasupo Shashore, on Thursday, appeared before a Federal High Court in  Lagos to answer to a money laundering charge preferred against him by the Economic and Financial Crimes Commission (EFCC).

Shasore served as the Attorney-General of Lagos State and the  Commissioner for Justice during the tenure of Mr Babatunde Fashola as the governor.

He was arraigned before Justice Chukwujekwu Aneke on a four-count charge bordering on money laundering.

The prosecution accused the defendant of inducing one Olufolakemi Adetore to accept cash payment without going through a financial institution.

He, however, pleaded not guilty to the charge.

After his plea, the prosecutor, Mr Bala Sanga, urged the court to order a remand of the defendant in custody pending trial.

“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.

Meanwhile, the court did not make any remand orders on the defendant who was already on bail.

The court, however, released him to his lawyers pending  the perfection of his bail.