Malabu: JP Morgan denies negligence over $800m transfer

JP Morgan Chase has denied negligence over the transfer of more than $800m to Malabu Oil and Gas from the payment made for the purchase of an offshore oilfield, Oil Prospecting Licence 245, by Royal Dutch Shell and Eni in 2011. The United States lender, however, acknowledged that it knew a former Nigerian Minister of…

The post Malabu: JP Morgan denies negligence over $800m transfer appeared first on naija-news.com.



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