US Bank

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

News Rangers4 years ago4 years ago06 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…

London Appeal Court Rejects Bid To Dismiss Nigeria $875m Case Against US Bank

News Rangers6 years ago04 mins

LAGOS OCTOBER 9TH (NEWSRANGERS)-An $875 million (716.7 million pounds) Nigerian government lawsuit against U.S. bank JPMorgan is clear to move forward after a London-based appeals court on Tuesday rejected the bank’s bid to have the case dismissed. The bank had asked the court to quash the Nigerian government’s case, arguing that it had no prospect…

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

London Appeal Court Rejects Bid To Dismiss Nigeria $875m Case Against US Bank