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EFCC withdraws money laundering charges against Olasupo Shasore

by Usman Kadri
November 30, 2023
Reading Time: 1 min read
EFCC withdraws money laundering charges against Olasupo Shasore

Shasore

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The Economic and Financial Crimes Commission has discontinued its money laundering case against a former Lagos State Attorney-General, Olasupo Shasore.

The EFCC withdrew the 14-count charge it filed against Shasore and his firm, Middlesex Investments Limited, before an Abuja Federal High Court on Thursday.

According to EFCC counsel, Bala Sanga, the discontinuation follows a directive from Attorney-General Lateef Fagbemi requesting all cases related to Process & Industrial Developments Limited (P&ID) be reviewed.

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Shasore was prosecuted over his prior legal representation of Nigeria in the controversial P&ID case, which led a British court to award $11 billion against the country.

But a London Commercial Court, in a judgment on October 23, absolved the former justice commissioner of corruption allegations in his handling of the matter.

The EFCC had accused Shasore of undermining Nigeria’s interests to favour P&ID in the failed gas contract dispute. But the justice of the Commercial Courts of England and Wales, Justice Robin Knowles, ruled those actions were “inconsistent” with bribery notions.

Shasore’s counsel, Olawale Akoni, did not oppose the application at the court hearing on Thursday.

Akoni said, “We will humbly be asking the defendant to be discharged.”

Consequently, the judge granted the application and discharged the defendants.

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