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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn February 2022, the British High Court heard lawyers representing Nigeria and the bank JP Morgan, which is accused of facilitating the commission of fraud in connection with the transfer of funds related to the OPL 245 case.
The High Court in London ruled on Tuesday, June 14, in favor of JP Morgan in the OPL 245 legal saga, considered to be the biggest corruption scandal ever recorded in Nigeria's oil sector. The case, which has been pending for several months before the British courts, was brought by the Nigerian authorities. They accuse JP Morgan of having failed in its professional responsibilities. Obligations by virtue of which it should refrain from taking into account the requests of a client, when its intervention can, in one way or another, promote the commission of a fraud for the benefit of the client.
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