Oil Deal

Nigeria Sues US Bank, JP Morgan For $1.7bn Over Oil Deal

News Rangers4 years ago4 years ago03 mins

LAGOS FEBRUARY 23RD (NEWSRANGERS)-A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts relates to the purchase by energy majors Shell and Eni…

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Army Captain Convicted For Illegal Oil Deal

News Rangers6 years ago6 years ago01 mins

LAGOS JULY 10TH (NEWSRANGERS)-Justice L.N. Oweibo of Federal High Court, Ikoyi, Lagos, on Thursday sentenced Captain Peter Okomi to one year imprisonment for illegally dealing in petroleum products. Also convicted and sentenced was his firm Moyitok Nigeria Ltd and a vessel, M.V. Agbeke. The convicts were prosecuted by the Economic and Financial Crimes Commission (EFCC)…

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Nigeria Sues US Bank, JP Morgan For $1.7bn Over Oil Deal

Army Captain Convicted For Illegal Oil Deal