Friday, October 23, 2020

Nigeria: Malabu Scandal – Nigeria Secures First Victory Against JP Morgan

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A High Court in London has dismissed a motion filed by U.S. firm, JP Morgan Chase, to halt its prosecution by the Nigerian government. In a ruling on Thursday, the judge, Andrew Burrows, held that the American investment/finance firm “owed Nigeria a duty of care; as indicated by an implied term in the written agreement”.

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