Nigeria Risks Losing $21m of Its Foreign Assets over Alleged Judgment Debt

This is following the filing of a notice for the withdrawal of the said sum in a United Kingdom (UK) judgment debt from Nigeria’s account with JP Morgan.

The withdrawal notice was sequel to a rejection of Nigeria’s appeal against the judgment of a British Court, permitting the seizure of the assets from Nigeria’s account with JP Morgan, to offset the judgment entered against Nigeria about five years ago.