JPMorgan Must ID Who OK'd $875M Payments In Oil Deal Suit

Law360, London (November 12, 2020, 8:01 PM GMT) -- JPMorgan agreed at a hearing Thursday to identify any bank officials who were involved in approving the transfer of $875 million in Nigerian government funds to the country's corrupt former energy minister.

Lawyers for the Federal Republic of Nigeria and JPMorgan Chase NA said at the end of the case management hearing that the bank would confirm who made the final decision to approve payment of state funds in 2011 and 2013 to a company controlled by Dan Etete, a convicted money launderer and former minister of oil in the Nigerian government.

Nigeria accused the bank in a 2017 High Court lawsuit of...

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