Nigerian tycoon Michael J. Prest sues Zambia's central bank for $40 million over Investrust collapse
Michael Prest's Bank of Nevis International is seeking $40 million from Zambia's central bank over the 2024 liquidation of Investrust Bank.
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Michael Prest's Bank of Nevis International is seeking $40 million from Zambia's central bank over the 2024 liquidation of Investrust Bank.
Nigerian oil tycoon Michael Prest has won another court ruling in St Kitts and Nevis after the Court of Appeal found the banking regulator had no authority to fine his bank $120,000.
Michael Prest’s BONI won two key High Court rulings in Zambia, preserving its legal challenge over the liquidation of Investrust Bank.
This initiative aims to reduce energy bills, support business growth, create employment opportunities, and contribute to carbon emission targets.
The narrative of African commodity trading is incomplete without mentioning the influence of Prest.
Prest is the founder of BONI, an international bank offering private and wealth management services.
Prest is the founder of Petrodel and Bank of Nevis International.