New York Judge Orders 10 United States Banks To Release Documents Relating To Money Laundering Allegations Against Ex-President Jonathan, Wife

A New York federal choose has dominated that Nigeria can subpoena 10 banks within the United States for info the nation must prosecute authorities officers allegedly related to a British Virgin Island engineering agency’s bribery scheme and subsequent $9.6bn arbitral declare, in accordance with

The Nigerian Government had final month requested the courtroom to compel the banks to launch account particulars of former President, Goodluck Jonathan, his spouse, Patience, former ministers of Petroleum Resources, Mrs Diezani Alison-Madueke and Rilwanu Lukman.

The banks listed embrace Citigroup, JP Morgan Chase and New York branches of Deutsche Bank AG and United Bank for Africa Plc. 

Nigeria is requesting “all documents concerning any transactions to, from, or for the benefit” of Jonathan and his spouse between 2009 and this present day.

District Judge, Lorna Schofield, who gave the ruling, ordered the banks to permit the Nigerian Government have entry to the account particulars to allow it show that the $9.6bn arbitration was obtained by Process and Industrial Development by fraud.

According to courtroom paperwork, the Nigerian Government is looking for the financial institution paperwork to assist an ongoing investigation by the Economic and Financial Crimes Commission to know people within the Process and Industrial Developments Ltd gasoline deal, particularly the roles of Lukman and Alison-Madueke.

It stated the 10 banks are “likely to have processed US dollar transactions connected to P&ID’s operations as either correspondent banks or the New York branches of foreign lenders”.

It nevertheless, stated it had but to search out “direct evidence” that Jonathan, Alison-Madueke and different politicians obtained funds from P&ID or its associates.

The Nigerian Government stated Lukman throughout his time as minister signed the contract whereas Alison-Madueke was liable for the “flagrant mishandling” of presidency’s arbitration technique till 2015.

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