celebrity radar - gossips

A Victory for Michael Prest

Published

3 years ago

February 24, 2023

A Victory for Michael Prest

In a landmark court ruling Honorable Justice Patrick Thompson Jr on Friday 10th February, handed down a ruling in favour of Michael Prest, which has sent seismic shock in the financial services industry in the Caribbean Island of Nevis. In Claim No: NEVHCV2021/0099, Justice Thompson awarded Prest an Order for certiorari quashing the decision of the Regulator of International Banking to issue the letter dated June 23rd 2021 seeking to restrict Prest and ordered that Prest was entitled to a declaration that the Regulator of International Banking had no authority to restrict the activities of Prest’s company, Petrodel. Thus Prest was successful in his claim for Judicial Review.

Prest, described by Businessweek as one of “The Rich Boys” , was a protégée of the late King of Oil, Marc Rich. He has had a home in Nevis since 1996. He is the owner of Bank of Nevis International Limited(“BONI”) and one of the largest employers of the small Idyllic Caribbean Island.

In June 2021, the Island’s Regulator Heidi Lynn Sutton and it’s Regulator of International Banking, Phil Jones sought to weaponize their position by serving Prest with a Cease & Desist Order and imposed fines on BONI. Lawyers for Prest argued that neither the Regulator and or Regulator of International Banking had such powers. They were acting with impunity.

“All power tends to corrupt; absolute power corrupts absolutely” – Lord Acton
An August 14 2021 article written about Prest reported “ You can tell that his brain is always working. Every action and everything that he says; every move is well thought out and well calibrated. He does more observing and listening than speaking. The toughest negotiator the oil industry produced. You go up against him, and when you think that he has backed off, is when he comes on like a ton of bricks. He grinds his opponents into submission. He goes quiet on you, behaving as though he has a hundred years to spare, then out of the blue, he attacks,”
It seems the Regulators may have missed that article.
People feel Prest felt had no choice but to stand up to Public Officers acting with impunity. A source says Prest feels the judgement is a victory for everyone who’s ever been set upon by a baying mob or pushed around but didn’t have the means to defend themselves.
Investors
Business and investment has a choice. If Public Officers decide not to follow the Rule of Law and or Due Process, it augurs very bad for small Islands states seeking international investors and investment. Investors want to feel that they are protected, that their investment is protected and there is respect for Due Process and the sanctity of commercial contracts entered into freely by consenting parties.
Fit & Proper
It remains unclear, in light of Honourable Justice Thompson Judgment, whether Miss Sutton or Mr Jones can retain their jobs. Can we be sure they can meet the standard benchmark of being fit & proper?
“They’ve clearly lost all credibility and I can’t imagine them going to international conferences to represent Nevis financial services sector without other banking professionals and service providers, calling them out” a source said. The decision on whether they stay, will be determined by Premier Mark Brantley. Whether they can represent what’s good in St Kitts & Nevis (and there is a lot) is a matter for new Prime Minister Dr Drew.

Prest and BONI were represented by Tim Prudhoe and Jackie Hunkins Taylor.

Related Topics:Featured Michael Prest Micheal Prest

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celebrity radar - gossips

Beauty Meets Glamour as Olaide Ogunyemi Opens New Studio in Mushin

Published

3 days ago

April 5, 2026

Sahara Weekly

Beauty Meets Glamour as Olaide Ogunyemi Opens New Studio in Mushin

Popular Nollywood actress and professional makeup artiste, Olaide Ogunyemi Oluwayemisi aka Damilola, has expanded her footprint in the beauty industry with the grand opening of her new makeup studio in Lagos.

The talented thespian, who is also the Chief Executive Officer of @Dobc_makeovers_andmore, officially unveiled the ultra-modern beauty space last Thursday, April 2, 2026, in a colourful ceremony filled with glamour, fashion, and pageantry.

Strategically located at 101 Palm Avenue, right beside FitPlus and Sparklight Hospital in Mushin area of Lagos, the new studio is designed to offer top-notch beauty services, reflecting Ogunyemi’s commitment to excellence and professionalism in the ever-growing makeup industry.

The opening ceremony attracted friends, colleagues from the Nollywood industry, beauty enthusiasts, and well-wishers who came out in large numbers to celebrate the entrepreneur’s latest milestone. Guests were treated to a vibrant atmosphere that showcased creativity, style, and the evolving standards of the beauty business in Lagos.

Speaking at the event, Ogunyemi expressed her excitement and gratitude, noting that the new studio represents years of hard work, dedication, and passion for her craft. She reaffirmed her commitment to delivering premium beauty services while empowering aspiring makeup artistes.

The launch of the studio further cements her reputation as a dynamic force, successfully blending her career in Nollywood with a thriving beauty brand.

With this latest development, Olaide Damilola Ogunyemi continues to inspire many young entrepreneurs, proving that talent, consistency, and vision remain key drivers of success in Nigeria’s creative and business landscape.

celebrity radar - gossips

Daniel Eromosele Eulogize Adams Oshiomole as he turns 74 years

Published

4 days ago

April 4, 2026

Sahara Weekly

Daniel Eromosele Eulogize Adams Oshiomole as he turns 74 years

Today, I celebrate an exceptional leader, a fearless voice for the people, and a man whose life has remained a symbol of courage, sacrifice, and unwavering commitment to justice—Distinguished Comrade Senator Adams Aliu Oshiomhole.

Your journey has been nothing short of inspiring. From your days as a vibrant labour leader to your impactful tenure as the Executive Governor of Edo State, and now as a respected Senator of the Federal Republic, you have consistently demonstrated what it means to serve with integrity, strength, and purpose. Your contributions to the growth of our nation and the development of Edo State remain indelible and deeply appreciated.

You have not only built structures and institutions but have also built people. I am personally a beneficiary of your leadership, your guidance, and your belief in empowering others. Your influence in my life has been profound, and I remain grateful for the opportunities and inspiration you have given me.

On this special day, I celebrate not just your achievements, but the man you are—resilient, principled, and ever committed to the progress of Nigeria and her people.

May this new year bring you renewed strength, greater wisdom, good health, and more remarkable accomplishments. May your legacy continue to shine brighter with each passing year.

Happy Birthday, sir. Wishing you many more fruitful and impactful years ahead.

celebrity radar - gossips

Accolades to Empress Genevieve Wining as she Celebrate birthday in Grand style

Published

4 days ago

April 4, 2026

Sahara Weekly

Accolades to Empress Genevieve Wining as she Celebrate birthday in Grand style

Emmanuel Clement

Vilnius, Lithuania – The Grand Hotel Vilnius will host a grand birthday celebration in honor of Her Majesty The Empress Genevieve Wining of the United Kingdom of Atlantis (UKA) on April 4th, 2026.

The four-day event promises to be an extravagant affair, marking the special birthday of Empress Genevieve Wining. The celebration will take place at the prestigious Grand Hotel Vilnius, Lithuania, renowned for its luxurious ambiance and exceptional service.

According to the event flyer, the birthday celebration will be a spectacular occasion, fitting for an empress. Guests can expect an elegant setting adorned with golden accents, sparkling champagne, and festive decorations, creating a regal atmosphere befitting the occasion.

The Empress Genevieve Wining of UKA is expected to grace the event, which will include various festivities and celebrations in her honor. The occasion aims to bring together dignitaries, followers, and guests to commemorate the empress’s birthday with grandeur and joy.

For media inquiries, accreditation, or further information about the birthday celebration of The Empress Genevieve Wining of UKA, please contact the event organizers.

Courtesy of His Excellency Emperor Prof. Solomon Wining. UKA