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Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case - Politics - Nairaland

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Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by ijustdey: 1:19pm On Jun 14, 2022
Judge Sara Cockerill ruled Tuesday that the Nigerian government could not show that it had been defrauded in the case.

By Oladeinde Olawoyin


Nigeria has 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 could not show that it had been defrauded in the case.

In the suit, Nigeria claimed more than $1.7 billion for the bank’s role in the controversial deal. Nigeria also alleged that JP Morgan was “grossly negligent” in its decision to transfer funds paid by oil giants Shell and Eni into an escrow account controlled by a former Nigerian oil minister, Dan Etete.

Earlier in February, Nigeria’s lawyer, Roger Masefield, argued that the nation’s case rested on proving that there was fraud and JP Morgan was aware of the risk of fraud.

“The evidence of fraud is little short of overwhelming,” the lawyer told the court.

“Under its Quincecare duty, the bank was entitled to refuse to pay for as long as it had reasonable grounds for believing its customer was being defrauded.”

Judge Cockerill said Tuesday that by the time of the 2013 payments, the bank was “on notice of a risk” of fraud.

“There was a risk – but it was, on the evidence, no more than a possibility based on a slim foundation,” the judge ruled.

https://www.premiumtimesng.com/news/headlines/536956-breaking-malabu-nigeria-loses-1-7-billion-jp-morgan-chase-case.html

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Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Iykopee(m): 1:19pm On Jun 14, 2022
Finally, it's over

14 Likes 2 Shares

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by FERNANDEZISBACK: 1:22pm On Jun 14, 2022
Sh**thole... cheesy

3 Likes

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Nobody: 1:22pm On Jun 14, 2022
We pledge

3 Likes 1 Share

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Loxleyy(m): 1:23pm On Jun 14, 2022
They should also eat the food they give us....


#HopeForNigeria

1 Like

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Promoter2: 1:35pm On Jun 14, 2022
Nigeria is just a name, the people in leadership positions are to be held accountable. They are human beings and not spirits.

Damn.

11 Likes

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by sonature1: 2:14pm On Jun 14, 2022
Nawa oh!
This case doesn't seem to end.
Today, Atiku Abubukar, a major beneficiary of this oil scam, is vying to be President.
Who cursed Nigeria?

56 Likes 5 Shares

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Stallion93(m): 5:05pm On Jun 14, 2022
Chai!!
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Mandesz(m): 5:05pm On Jun 14, 2022
Nigeria government love chasing shadows

1 Like

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by shuttox: 5:05pm On Jun 14, 2022
It's better cos if them win and they make payment...The embezzlers will still chop the money

11 Likes 1 Share

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by naijaguy1234(m): 5:05pm On Jun 14, 2022
You can bring stolen or dirty money into UK but you can’t take that money out of the British system. For whatever name they’ll call it be it legal system or whatever, you will loose against them. All the money in the news stolen by African leaders, when was the last time the British authority return such ? Try to steal money from them , be it public funds or private, they will hunt you down against all odds.

14 Likes 1 Share

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by africanpride1: 5:05pm On Jun 14, 2022
*Only A Pathetic Incorrigible Fool Will Hate His Own Blood Brothers*

Exactly! Greater Nigeria is all that we Progressive Muslims are working towards now. Our Eyes are now very Clear and wide Open to the infallible Truth that *Blood is Forever Thicker than Water of Religion. We must Not allow ourselves to be manipulated through our myopic self-destructive Ego into Betraying our Children and Unborn Generation into eternal Slavery as intended by those that think we are gullible through Religion.*

*Our Ancestors that handed Over this Lands to us would forever Curse us Heavily from their Graves if we selfishly fail to Safeguard it as they did for our sake. And our Unborn Generations shall never Forgive us, in fact they shall Forever Spit on our Graves every morning if we become the Most Useless Self-deceitfully Religious Gullible Generation that allow ourselves to be manipulated to Lose our Glorious Birthright and United Tribal Greatness through myopic Ego.*

*We are Responsible, we refuse to be pushed by selfishness and self-centeredness into becoming irresponsible as regards the future of our Children and our next Generation. Only shallow-minded Souls would refused to Manup and be Real Preservers of the Indomitable Tribal Unity, Progressive Brotherliness, Bloodline Indivisiblity and impenetrability that has helped our Fathers Preserved this Ancestral Land that they Handed over to us(which we MUST Unitedly Boldly Preserve and Hand over to our next Generation too! We can't Afford to be the Senseless Failed Generation! Never!)*

*History, we know and we are never fools that would Forget why we Won their satanic fierce War of 1840 in which they aimed to render us eternally Homeless and take over our Ancestral Father Land. They Tried and they woefully Failed because we truly Treasured our Brothers as our Truly beloved Blood Brothers, we still do, only a myopic Braindead Fool will be deceived to do otherwise.*

*Well Documented in History that we Yorubas United as One regardless of Religious differences or Clan and mercilessly Destroyed our Enemies at the Oshogbo War of 1840. Our Enemies then realized that they can Never take over our Ancestral Father Land from us as Long as we stay United to Love and Prioritize ones another as true Yoruba Brothers and Sisters. This is why they are now massaging the over-bloated Ego of some myopic shallow-minded ones to make them Betray other Yorubas in the Name of Religion. Afonja was used and dumped like bad Habit, he was then cheaply brutally beheaded after they used him to Conquer Ilorin. "Yoruba Ronu! Ronu!! Ronu!!! Sonu, koo ma baa Sonu!"*

*We were born as Yorubas First before we are Muslims or Christians or even Traditionalists. Humans are free to change Religions at any Time because Religions is not Cultism. Even Cults can be renounced. But the priceless Glorious Yoruba Blood in you and I shall Forever keep us unitedly Connected as Bothers and Sisters. That is staright from our CREATOR, far Superior to bond of Religion.*

Even, Hausa Muslims have spoken to many of we Yoruba Muslims and said we shall be the most Senseless of Worthless Fools is we don't take Advantage of the learning from their own Case; how Fulanis manipulated, divided, deceived and Enslaved them till date in the Name of religion. They killed their indigenous Traditional Kings and refused to Enthrone Hausa Muslims as Emirs but only Fulanis which Replace and Enslave the original Land Owners right on their own Father Land till date.

It happens all across History of Humanity: Pure 419 manipulation carefully implemented on numbskulls and gullible Souls that refused to truly Love and Protect their very own Tribemen and their very Own People. *Our own is Our very Own! No Religion can ever come inbetween Wise Yorubas.* A warning for any gullible Soul, Fulanis would never never truly see you as their Brother. Never as your Own Blood Brothers does despite difference in Religion.

If you Betray your Yoruba Brother(s) to them, be sure that non would be available to sorround you as Yoruba Brothers from Ekiti, Ondo, Oyo, Ogun, Badagry, Ibadan, Benin, etc. Gallantly flocked in to defensively Sorround Oshogbo and Prevented Oshogbo from becoming Enslaved as demonically Planned by the Enemies of Yoruba People. *Imagine that you are Oshogbo Personified, if you betray any Yoruba, you shall not have Yorubas to Surround, Support, Defend and Protect you! Your case shall surely be like Afonja. He thought he has found friends or brothers that are better than his own Yoruba Brothers. As soon as the Enemies finished using him to Rob and Hijack his Ancestral Father Land, they callously slaughtered him by Brutally Cutting off his Head which they also place on the Stick in the Market Place as monumental Disgrace for all to see. All Yorubas daily Place Heavy Curses on Afonja's head till today, whether audibly or inwardly.*

All intelligent original Nigerian Muslims that our Fore-Fathers own Nigeria and handed over Nigeira to us are tired of being manipulated and enslaved on our own Father Land by Invaders. Their old tactics of making us to Hate our very Blood Brothers have been observed over the Years. If truly they, love us as equal Muslims, while did they kill all the Original Hausa Kings and Enthroned Fulani Muslims instead of Hausa Muslims as Rulers over the Land Owners?! Same in Ilorin where the Yoruba King was killed and not Yoruba Muslim was Enthroned, but their Fulani to enslave our Yoruba People as slaves. Original Intelligent Nigerians have seen that their Ultimate aim is to Deceitfully use Religion to Weaken us, Divide us, Turn we Blood Brothers against one another so that they can Hijack our Ancestral Lands
as they did to Hausas and Enthroned themselves and subverts the Original Land owners as Permanent Slaves.

I'm a Muslim and many truthful and sensible Yoruba Muslims and even real Hausa Muslims have been saying the Truth that was not Popularized. Many of us truthful Muslims are tired of seeing Nigeira becoming so stagnated by Visonless people that have nothing good to offer Except to play this religious card. Ghana is now far more Respected and Progressive than Nigeria because this People don't care a hoot about Real Progress for this Country.

Only gullible ones still get manipulated by them. Greater Nigeria that we can all be Proud of is what we demand! That Nigeria is already starting, but a few Population is already trying to manipulate the Country into another unnecessary Hatred! Our eyes don Clear! Tinubu has really worked up to this Level. Every sensible Person knows that Christians would massively Vote Atiku in as President if Tinubu falls for this myopic Trap. Religious Extreemists should not manipulate him to fall for the Muslim-Muslim that guarantees failure for his Life-long Ambition.
Same few population that came into our Land to use Religion to Deceive and Divide Orginial Nigeirans. Not sure if Tinubu can last long on the Seat if he chose any of them as Vice, they have done their Turn! They should allow Tinubu free hand to chose a Christian like he said in a meeting that Christian Vice is best for Balancing, Uniting and Progressiveness of the emerging Great Nigeira. Just as he wisely Balanced Lagos Politics till date. The Nigeria Invaders Greed for Power and Land-grabbing from Orginial Nigerians is well known. They Kill real Hausa Muslims anyhow and take over their Lands, they killed Abiola and his Wife, any Yoruba or Hausa Muslim that Support their latest religious Manipulation is an incorrigible daft. Those that even mute the idea of Muslim-Muslim ticket in a Secular Country must Apologize to all Nigerias immediately! *Not long ago, Same deceptive manipulative People tried to force their Fulani Person on Nigerian as Consensus Candidate of APC which Tinubu, Hausas and Yorubas painstakingly Laboured to make successful. What most don't know is that it was majorly Hausa Muslims that kicked against them before some of them supported when they knew the idea was dead on arrival.*

They have Proven that they wish Tinubu and Original Nigerias no good at all. I will not like all efforts that Tinubu as made to become useless beacuse of some myopic People that think with their Anus.

*Regardless of your Religion, when shall Original Nigerians have sense and stop being enslaved by the Enemies' Tricks and Deception?! Hausa Lands in the North and Ilori, still crystal Clear for all to see that they want to enslave us all Muslims and Christians on our own Ancestral Father Land! Are you Destined to become an Eternal Slave when you were not born a Slave?*

*Our Fathers refused to be deceived or brainwashed, our Fathers refused to be manipulated to hate other Yorubas because of Religion, our Fathers Protected their Wives and Children from the Invaders. We are not Bastards, our Fathers were too Wise to be manipulated against their fellow Yorubas, and our Fathers were too Strong for the Enemies. Our Fathers mercilessly and massively Destroyed them, till the remaining ones flee with their tails between their legs urinating on their bodies never to return again. Do you want to allow senseless myopic Ego to make you become a Slave Forever?!*

*I was born Free, I as among all sensible Yorubas and Nigerians have Vowed to Ensure that no inch of our Father Land shall ever be lost in our own Generation. We refuse to be Slaves. We Declare that Free were we Born, and Forever Indomitably United we Yorubas remain! Unconquerably Free We are and Shall forever Thrive on our Ancestral Father Lands!*

#Copied!

4 Likes 1 Share

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by castrokins(m): 5:06pm On Jun 14, 2022
grin
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by gracealonev: 5:06pm On Jun 14, 2022
I knew from the onset that the case was an afterthought and further waste of Nigeria's money.

Obasanjo's government took a position, Jonathan adopted. Now Buhari woke up later and wanted to recover....
What?

3 Likes

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by omowolewa: 5:06pm On Jun 14, 2022
Okay, Nigeria doesn't have enough International Lawyers
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by vovopivo: 5:07pm On Jun 14, 2022
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by MANNABBQGRILLS: 5:07pm On Jun 14, 2022
Judge Cockerill said Tuesday that by the time of the 2013 payments, the bank was “on notice of a risk” of fraud.

“There was a risk – but it was, on the evidence, no more than a possibility based on a slim foundation,” the judge ruled.
This is one of the several ways the looting and thieving party took our darling nation 100 years back.
For each and everyone supporting all these criminals and looters that ruined our country with corruption and brought terrorism to our nation, the evil y'all support will get to your doorsteps one by one.
Y'all can neve and will never escape it.

Quote this post if you are one of them.
Anuofias and Oloriburukus everywhere.
Thieves supporting criminals.
Awon werey 100%.

5 Likes 5 Shares

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by DWJOBScom(m): 5:08pm On Jun 14, 2022
They thought it was a Nigerian court or APC propaganda network where you can open your mouth and say anything.
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Beremx(f): 5:08pm On Jun 14, 2022
Nigeria has been served breakfast
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by dele1727: 5:09pm On Jun 14, 2022
sonature1:
Nawa oh!
This case doesn't seem to end.
Today, Atiku Abubukar, a major beneficiary of this oil scam, is vying to be President.
Who cursed Nigeria?

Same Atiku , Peter obi wants to run with as VP
Same Atiku, Peter obi calls his leader
Sam obi that is now a Saint and messiah all rolled into 1

grin grin grin

Nigerians deserves their leaders

2 Likes

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by olu77(m): 5:09pm On Jun 14, 2022
She don collect egunje if you know you know.

How can you win a case under a government like this? A government that doesn't care about it's people
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Neimar: 5:09pm On Jun 14, 2022
post=113800942:

This isnone of the several ways the looting and thieving party took our darling nation 100 years back.

And the APShit?

1 Like

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Fortruth: 5:09pm On Jun 14, 2022
Nigger Area thins
Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by Eriggs: 5:10pm On Jun 14, 2022
Neimar:


And the APShit?
Keep shut. Supporter of criminals.

DWJOBScom:
They thought it was a Nigerian court or APC propaganda network where you can open your mouth and say anything.
You have replied yourself already
DWJOBScom:

I bet you didn't understand what you highlighted

4 Likes

Re: Malabu: Nigeria Loses $1.7 Billion JP Morgan Chase Case by DWJOBScom(m): 5:10pm On Jun 14, 2022
post=113800942:

This is one of the several ways the looting and thieving party took our darling nation 100 years back.
For each and everyone supporting all these criminals and looters that ruined our country with corruption and brought terrorism to our nation, the evil y'all support will get to your doorsteps one by one.
Y'all can neve and will never escape it.

Quote this post if you are one of them.
Anuofias and Oloriburukus everywhere.
Thieves supporting criminals.
Awon werey 100%.

I bet you didn't understand what you highlighted

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