The Telegraph
JP Morgan accused of negligence over corrupt $1.3bn Nigerian oil deal
The case revolves around $876m of missing money from an oil field sale in 2011
JP Morgan negligently allowed corrupt Nigerian officials to siphon off more than three quarters of a $1.3bn oil investment to a former oil minister’s company and assorted middlemen, the High Court will hear this week.
The world’s largest bank is being sued by the Nigerian state for allegedly allowing corrupt former state officials to extract $875m between 2011 and 2013 from a government account opened with JP Morgan in London.