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Nigeria's Assets Safe In Bank In $276M Dispute, Court Told

Law360 (September 13, 2018, 8:41 PM EDT) -- The Central Bank of Nigeria on Wednesday challenged an identity card company's attempt to recover part of a $276 million arbitral award owed by Nigeria from a JPMorgan account, saying in D.C. federal court the account is shielded from seizure under the Foreign Sovereign Immunities Act.

The bank said Continental Transfert Technique Ltd., an identity card manufacturer that won an arbitration award against Nigeria over a contract dispute in 2008, can't get payment from the Nigerian bank's JPMorgan account that Continental says is being used for...
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