Nigerian tycoon Michael J. Prest sues Zambia's central bank for $40 million over Investrust collapse

The Bank of Nevis International, owned by Nigerian tycoon Michael J. Prest, is suing the Bank of Zambia for $40 million. The claim alleges the central bank unlawfully refused to register BONI's major shareholding in Investrust Bank, which was subsequently placed into liquidation, rendering the stake worthless.

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