A London-based appeals court has rejected US bank, JPMorgan’s bid to have the $875 million case instituted against it by Nigerian government dismissed, thereby affirming the right of the government to pursue the case to logical conclusion.
The bank had asked the court to quash the …
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A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase.
The bank is alleged to have enabled the misappropriation of state funds totalling $875 million over the Oil Prospecting License, OPL 245. …
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