Nigeria is seeking the award against the bank for allegedly failing in its Quincecare duty when it transferred $810 million to Malabu Oil & Gas Limited from the sale of OPL 245 to Shell and Eni in 2011.
As proof of alleged complicity to defraud Nigeria, the country’s lawyers presented an email said to have been sent to a JP Morgan official by Adoke through the account of a property company that was also allegedly involved in the alleged fraud. However, the charges around forgery of email were dropped after Nigeria’s lawyers pointed out that it could jeopardise the case against JP Morgan since the government was relying on the same email.
Suraju was arraigned by the federal government on February 18, 2022 before a federal high court sitting in Abuja, and the court adjourned till May 10.The lawyers said Adoke’s “baseless allegations” about the veracity of the email and the interview led to the arraignment of Suraju in the first place and “it appears that the police and prosecutors were not aware of the evidence in the present proceedings that discredits Mr Adoke’s complaint and shows these to be true documents”.
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