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JP Morgan

Malabu oil: FG loses $1.7bn JP Morgan case

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JP Morgan

The Federal Government on Tuesday lost its $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in the controversial Malabu oil deal. Judge Sara Cockerill ruled Tuesday that the Nigerian government couldn’t show that it had been defrauded in the case, DailyTimes gathered. In the […]

Malabu scandal: UK Govt approved $875m payment to Etete- JP Morgan

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The banking giant, JP Morgan Chase, has revealed that the United Kingdom (UK) anti-money laundering unit, Serious Organised Crime Agency (Soca), now renamed the National Crime Agency gave authorisation for the transfer of $875 million to accounts linked to Dan Etete, a former Nigerian Minister of Petroleum Resources in the controversial Malabu scandal. JP Morgan […]