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Thursday, 13 June 2013

UK-BASED NIGERIAN OIL TYCOON LOSES DIVORCE BATTLE.















The UK-based Nigerian oil tycoon, Michael Prest, yesterday lost his divorce battle against ex-wife, Yasmin, a British citizen. She won a UK Supreme Court Ruling giving her the right to extract £17.5million ($27.4m) from Prest's offshore companies, as part of the divorce settlement. This has been termed an extra-ordinary landmark case by UK lawyers who were surprised to see the Supreme Court judges 'piercing the corporate veil', as it were. The Court ruled that business people can no longer deliberately hide their assets in business and corporate structures to protect them in future, in the event of divorce. They therefore asked Prest to surrender seven properties to Yasmin. Prest had in an earlier case, before the Appeal Court succeeded, where it was said that the properties of his company constituted a separate legal entity, and could not be included in the divorce.
 Prest and Yasmin were married in 1993, and lived in the UK before the divorce was flied in 2011. He was not in court yesterday.

  • Chei!!! My broda. Dem don hama you finish. Yawa don gasssss o. Dis na serious capital flight from Nigeria. Awa money go come quench for oyinbo hand, when na dem for dey owe us plenty money. Why now? The money wey you for take do beta tin for Nigeria.
  • When dem tell una make una careful with dis oyinbo women, una no dey hear. You leave all dis awa fine fine black babes for London, come go let oyinbo hama you.
  • Obodo Oyinbo no be Naija o. Here na 'Woman Rule', and woman fit make man homeless o. If you tink say you tufff, dem go squeeze you until na only pant remain for your body.
  • Well sha...Like dey say in yoruba, 'Ogbon logba'. At least your own wahala go open another man eye.

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