Nigeria seeks US $ 875 million worth of US compliance documents in JPMorgan suit

Law360, London (May 5, 2021, 6:31 p.m. CET) – Nigeria on Wednesday urged a London court to compel JPMorgan to extract documents from the bank’s senior executives and compliance officers regarding the $ 875 million decision to transfer to government funds, to disclose to the corrupt former energy minister of the country.

Attorneys for the Federal Republic of Nigeria argued in the High Court that they were entitled to an “untapped vein” of documents underlying the compliance investigations conducted shortly before funds were transferred by the bank to one of Dan Etete, a convicted money launderer and former Nigerians, controlled company were carried out by oil ministers.

The disclosure request is the most recent skirmish in …

Stay ahead of the curve

In the legal profession, information is the key to success. You need to know what is happening to customers, competitors, areas of activity, and industries. Law360 has the information you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, type of lawsuit, etc.)
  • Access to attached documents such as Briefs, petitions, complaints, decisions, motions, etc.
  • Create custom notifications for specific article and case topics, and more!


Comments are closed.