A wealthy Nigerian-born, British-based oil baron has been granted
permission to use Nigerian tribal law to appeal a $21 million divorce
payout to his former British wife, the Telegraph has reported.
Michael Prest, the 50 year-old founder of Nigerian energy trading firm Petrodel Resources,
split from his wife in an acrimonious divorce in 2008. During a British
High Court hearing on the divorce in October last year, the presiding
judge ordered the tycoon to pay his former wife cash and assets worth
over $20 million.
However, Prest has applied to appeal the court’s decision on the grounds that his Petrodel’s assets do not belong to him, but are held in trust for his children,
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