Showing posts with label NIGERIAN OIL TYCOON AND BILLIONAIRE LOOSES £17.5M DIVORCE SETTLEMENT TO HIS BRITISH/NIGERIAN WIFE. Show all posts
Showing posts with label NIGERIAN OIL TYCOON AND BILLIONAIRE LOOSES £17.5M DIVORCE SETTLEMENT TO HIS BRITISH/NIGERIAN WIFE. Show all posts

Saturday, 15 June 2013

NIGERIAN OIL TYCOON AND BILLIONAIRE LOOSES £17.5M DIVORCE SETTLEMENT TO HIS BRITISH/NIGERIAN WIFE

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Culled from Dailymail:

Nigerian oil tycoon, Michael Prest, 51, lost a legal fight with his estranged English wife today in a landmark court case over a £17.5m divorce settlement. The Supreme Court ruled that properties owned by Michael’s companies did count as his, and therefore should be counted as his assets in the high-profile divorce battle between him and ex-wife Yasmin, 50.

Lawyers say the decision, which overturned an earlier Appeal Court ruling that Mr Prest's companies could not be taken into account when calculating the divorce payout, could have significant implications for divorcing couples.

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