A New York federal judge has ruled that Nigeria can subpoena 10 banks in the United States for information needed to prosecute government officials allegedly connected to a British Virgin Island engineering firm's alleged bribery scheme and subsequent $9.6 billion arbitral claim.
A New York federal judge has ruled that Nigeria can subpoena 10 banks in the United States for information needed to prosecute government officials allegedly connected to a British Virgin Island engineering firm’s alleged bribery scheme and subsequent $9.6 billion arbitral claim.law360.com, District Judge Lorna Schofield, who gave the ruling, ordered the banks to allow the Nigerian government have access to sundry account details of officials listed in its subpoena request.
Among the individuals whose bank records are being sought are a former Nigerian president, Goodluck Jonathan; his wife, Patience Jonathan; among others., including Citigroup Inc. and JPMorgan Chase & Co., in a bid to overturn aNigeria asked the federal court in New York for permission to subpoena information about transactions involving government officials, including Mr Jonathan and his wife.
The saga became a full-blown crisis for Nigeria last August when a U.K. judge ruled P&ID could enforce an arbitration tribunal’s 2017 ruling, now totaling $9.6 billion including interest, which found the country breached the agreement.
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