-
Nigeria: Malabu Oil Deal - Nigeria Sues JP Morgan for U.S.$875 Million
Leadership, 19 January 2018
Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company… Read more »
Nigeria Sues JP Morgan for U.S.$875 Million Over Malabu Oil Deal
Nigeria is accusing the company of negligence in transferring funds from a disputed 2011 oil field deal to a company controlled by the country's former oil minister, Dan Etete.
InFocus
-
The government says that the United Kingdom has returned U.S.$85 million - part of the stolen funds from the Malabu U.S.$1.1 billion oil deal. The money was seized at the request ... Read more »
-
Four senior executives of Royal Dutch Shell have been charged by an Italian court for their role in a bribery scheme involving a former Nigerian petroleum minister, Dan Etete, that ... Read more »
