Nigeria won a pre-trial battle against JP Morgan

Nigeria has won a pre-trial battle against JP Morgan, as the state tries to prove that the bank paid out the proceeds of a signature bonus improperly.

As a result of a hearing on November 12, JP Morgan agreed to name those individuals who had been involved in approving the payment by December 3. The parties also set a timetable for the actual six-week trial.

A lawsuit was launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal.

J.P. Morgan has operated in Europe for nearly 200 years and has a sophisticated local market presence across Europe, the Middle East and Africa (EMEA). Within the region, J.P. Morgan has an unparalleled client base and leadership across the spectrum of financial services products. The regional head office in London is complemented by a strong regional footprint, with offices in all major financial centers.

source: https://www.energyvoice.com/