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JP MORGAN WINS £1.4BN COURT BATTLE AGAINST NIGERIA


JPMorgan Chase has prevailed in a $1.7B U.K. court case against Nigeria regarding its role in a disputed 2011 oilfield sale, Reuters reported Tuesday. The civil case pertains to Nigeria’s sale of the offshore OPL 245 oilfield to Shell and Eni in 2011. Nigeria had alleged that JPMorgan was “grossly negligent” in following instructions from authorized government officials