The spectral problem −u ′′ (x) + αu ′′ (−x) = λu(x) , −1 < x < 1 , with nonlocal boundary conditions u(−1) = βu(1) , u ′ (−1) = u ′ (1) , is studied in the spaces Lp(−1, 1) for any α ∈ (−1, 1) and β ̸ = ±1. It is proved that if r = √ (1 − α)/(1 + α) is irrational then the system of its eigenfunctions is complete and minimal in Lp(−1, 1) for any p > 1 , but does not form a basis. In the case of a rational value of r , the way of supplying this system with associated functions is specified to make all the root functions a basis in Lp(−1, 1) .