Nigeria Sues JP Morgan for $1.7 Billion Over Oil Deal

A sign outside JP Morgan Chase & Co. offices is seen in New York City, on March 29, 2021. Brendan McDermid/Reuters

LONDON—A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal.