Tag
MALABU OIL
Nigeria has instituted a legal action against JP Morgan Chase, claiming over $1.7 billion in damages over its role in the disputed Malabo oil deal.
U.S bank, JPMorgan has been ordered by a court to present documents of a transaction regarding the $1.3 billion Malabu oil field sale.
The government of Nigeria has requested advance payment for damages in the Malabu oil scandal.
The Italian Judge presiding over the case against Shell and Eni in Milan, has delayed the testimony of AA Oil boss, Aliyu Abubakar, who was described as a major key witness to the Malabu oil scandal trail.
Netherlands' Public Prosecutor's office has informed Royal Dutch Shell Plc of its intention to prosecute the oil company over a license in Nigeria, which has resulted into series of prosecution in two other countries.
The Federal Government's suit against JPMorgan Chase & Co has been described as a claim with no real prospect of success by Rosalind Phelps, a lawyer for the American multinational investment bank.
Mobil Oil, other oil companies under probe