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”.
“The duty of care was neither inconsistent with nor excluded by the terms of that agreement,” the court ruled.
Background

The Nigerian government had sued JPMorgan over its alleged failure to block payments made from a massive oil deal that is subject to a string of international corruption investigations.
PREMIUM TIMES reported how two multinational oil firms, Shell and Eni, in 2011 transferred $1.1 billion to a Nigerian government account in JP Morgan for the oil block.
About $800 million of the money was subsequently transferred by the Nigerian government to accounts controlled by Dan Etete, former Nigerian petroleum minister who claims ownership of Malabu. Malabu was the oil firm Mr Etete, as petroleum minister in 1998, awarded the oil block, OPL 245, to.

The money paid by the oil firms is believed to have been laundered by top officials of the two oil firms and former officials of the Nigerian government during the Goodluck Jonathan administration. Many of those suspected to be involved are being prosecuted in Nigeria and Italy.
It is because of the ‘fraudulent’ transfers that the Nigerian government sued JP Morgan. The government claimed that the global bank should have known the money was being sent to suspicious characters.

In the civil suit filed in 2017, the Nigerian government accused JP Morgan of “gross negligence” in the events that resulted in the transfer of the funds.
According to the suit, the Nigerian government demanded a refund of $875 diverted from the government’s account.
https://www.premiumtimesng.com/news/headlines/314689-malabu-scandal-nigeria-secures-first-victory-against-jp-morgan.html

This is part of crime committed by PDP that PMB is trying to right,hence their ganging up.

pdp never again. Sai baba. buhari will beat atiku as easly as 11am today.

We all know that the man on white will win , I am referring to the one smiling and on glasses, yes , the one looking at the other one grin grin grin

malabu

olajizz01:
This is part of crime committed by PDP that PMB is trying to right,hence their ganging up.

He is also trying to wrong some right. Biased people will never see the evil this government has brought to her citizens. Never again.

And these are same people some without brain want to return to power. SMH pdp never again. No going back to Egypt. Sai baba 2019

So?

iamleumas:

We all know that the man on white will win , I am referring to the one smiling and on glasses, yes , the one looking at the other one grin grin grin

You are right..Congrats to Atiku..God.sent..

This is serious o. If Buhari win this election, we go hear more of this progressive tackles.

Thank God for saving us from goatLuck of man. I swear Nigeria for dey compete with Zimbabwe in Zillions Naira today
This is the job pdp want atiku to continue. God punish anyone in support of the confirmed treasury looter. Ise !

abc115:

In the civil suit filed in 2017, the Nigerian government accused JP Morgan of “gross negligence” in the events that resulted in the transfer of the funds.
According to the suit, the Nigerian government demanded a refund of $875 diverted from the government’s account.
https://www.premiumtimesng.com/news/headlines/314689-malabu-scandal-nigeria-secures-first-victory-against-jp-morgan.html

"FIRST" victory "AGAIN"?


Ayam not understanding fa!





meanwhile... I'm sooo under THE UMBRELLA



#DecisionTimeNigeria

Its an insult for Nigeria to answer to a British court

I would never do that as president

What evil? What right did he wrong? Just say you are a beneficiary of looted fund.

Myopic people!

Next Level till 2023.

4 + 4 = 8

Ken4Christ:


He is also trying to wrong some right. Biased people will never see the evil this government has brought to her citizens. Never again.

The people trying to block Buhari are the very same individuals that looted Nigeria mindlessly.

Vote Buhari to stop criminals from returning to power.

Qsscruz:
Just like the London court halted the case, so shall the people halt Buhari's reelection..No amount of dollar crashing can stop that..Our mind is made up and our hands armed with PVC..The monies that have been discovered ever since, where are they..We are wiser now..

Sharap there!!!

Today we decide

In terms of corruption, Buhari is working walahi.

Thank God election is almost here and it will soon be over. So that everybody can keep quiet and continue their lives.

Now here is my message to all:

If Atiku wins, Buhari's supporters should swallow their pride and work with PDP to make Nigeria better. And if Buhari wins Atiku's supporters should swallow their pride and work with APC to make Nigeria better.

DO WE HAVE A DEAL?

netpro:
The people trying to block Buhari are the very same individuals that looted Nigeria mindlessly.

Vote Buhari to stop criminals from returning to power.

Will they listen to you?

iamleumas:

We all know that the man on white will win , I am referring to the one smiling and on glasses, yes , the one looking at the other one grin grin grin

They are the different sides of the same coin! unfortunate!!

olajizz01:
This is part of crime committed by PDP that PMB is trying to right,hence their ganging up.

Who is PDP? We have another party "cross-carpeting"

If you think PDP is the only corrupt group in Nigeria that itself is corruption.

What you need na sense beyond politics.

netpro:
The people trying to block Buhari are the very same individuals that looted Nigeria mindlessly.

Vote Buhari to stop criminals from returning to power.

Reason I must vote Buhari over and over again ,
Buhari is hate by those who want Nigeria to fail , that's the simple truth .

NextBuhari:
Will they listen to you?

Wether They listen or not Buhari is going for another 4 years , who no like am can kill himself or go away from Nigeria after election...

Mind blowing

Interesting

If Sowore wins, the whole money will be returned to Nigeria, those found wanting will be prosecuted and the recovered funds will be injected in the Nigerian economy to pay N100k minimum wage, amongst other pertinent uses begging to be attended to.

If Atiku wins, this court case could be withdrawn by the Nigerian government.

However, it will then behove on the people of Nigeria to follow up on the matter so that they can raise an alarm and through their representatives and senators, prosecute the new unfortunate development. They can simultaneously engage the international community in fighting the potential illegality to a standstill.

If Buhari wins, they will recover the money and reloot it. They've perfectly done so with ALL the other recovered loots, only bringing out 10k tranches to buy votes and referring to it as Tradermoni.

No new fully-equipped General Hospitals were built.

Our roads are still death traps.

The government still disobeys court orders.

Police and military barracks are still an eyesore.

The army is still being decimated by a technically defeated Boko Haram.

University teachers are still poorly treated and their labs are still poorly equipped.

Power supply is now at the lowest ever.

The exchange rate is still twice what it was in early 2015.

Businesses are still closing down by the day due to unreasonably high overhead. And, by extension, people are losing their jobs on a per-second rate.

Our borders are still porous and border officials are still demanding bribes from travellers.

The government in power are still getting caught redhanded buying votes for reelection.

Anyone who dares oppose the government, regardless of what the courts may say, is still being denigrated, intimated, harrassed and manhandled by government security forces.

And the masses are too impoverished, ill-informed and hungry to care.



If Sowore wins, the whole money will be returned to Nigeria, those found wanting will be prosecuted and the recovered funds will be injected in the Nigerian economy to pay N100k minimum wage, amongst other pertinent uses begging to be attended to.

Qsscruz:
Just like the London court halted the case, so shall the people halt Buhari's reelection..No amount of dollar crashing can stop that..Our mind is made up and our hands armed with PVC..The monies that have been discovered ever since, where are they..We are wiser now..

From your write up, where do you think the money are

This is the reason why some people want to vote for the PDP. So that money will be jumping from one pocket to the other, thinking it will accidentally jump into their pocket, hence the aggressive campaign against PMB.
Yet Atiku became a billionaire when he was vice president. I am confident he will become a trillionaire when he becomes president since he will sell NNPC to his close friends

See them shouting as if when this money is given to them the government will use it for any meaningful thing.

Let's stop celebrating it will go into their pockets as usual and you and I will remain the gullible fans who were just aware that our kantry receive money. Where is the Abacha loot and rest of our money recovered by efcc